Netflix Inc (NASDAQ:NFLX) Target Set by Jefferies Financial Group Inc to $570.00

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Netflix Inc stock has undergone multiple analysts rating changes in the recent past.  Netflix Stock Forecast, Price & News stock Target Set by Jefferies Financial Group Inc on 9/28/2020. In a note to investors, the firm issued a new target price of $570.00. The analysts previously had target price. Jefferies Financial Group Inc’s price target would indicate a potential upside of 18.04% from the stock’s previous close.

Shares of Netflix Stock Forecast, Price & News traded up $9.80 on Monday, reaching $482.88. 15400 shares of the stock traded hands, compared to its average volume of 5874389. On Monday, Shares of Netflix Stock Forecast, Price & News closed at $482.88. The firm’s 50 day moving average is $495.17 and its 200 day moving average is $417.98.Netflix Stock Forecast, Price & News  has a 12 month low of $257.01 and a 12 month high of $575.37. While on yearly highs and lows, Netflix Stock Forecast, Price & News today has traded high as $484.87 and has touched $468.03 on the downward trend.

Netflix Stock Forecast, Price & News Earnings and What to expect: 

Netflix last posted its quarterly earnings results on July 16th, 2020. The Internet television network reported $1.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by $0.22. The business earned $6.15 billion during the quarter, compared to the consensus estimate of $6.08 billion. Netflix has generated $4.13 earnings per share over the last year and currently has a price-to-earnings ratio of 81.4. Netflix has confirmed that its next quarterly earnings report will be published on Tuesday, October 20th, 2020. Netflix will be holding an earnings conference call on Tuesday, October 20th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Earnings for Netflix are expected to grow by 40.92% in the coming year, from $6.28 to $8.85 per share. The P/E ratio of Netflix is 81.43, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.27. The P/E ratio of Netflix is 81.43, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 53.00. Netflix has a PEG Ratio of 2.53. PEG Ratios above 1 indicate that a company could be overvalued. Netflix has a P/B Ratio of 27.94. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • 3.40%
  • On 9/21/2020 CEO Reed Hastings Sell 34,853 at average share price of $476.68 which equates to $16,613,728.04 in money value.
  • On 9/1/2020 Director Richard N Barton Sell 4,907 at average price of  $550.00 with total value of : $2,698,850.00
  • On 8/24/2020 Director Richard N Barton Sell 5,584 at average price of  $500.00 with total value of : $2,792,000.00
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Netflix Stock Forecast, Price & News

  • 9/22/2020 – Netflix had its “hold” rating re-affirmed by analysts at Credit Suisse Group AG. (View)
  • 9/22/2020 – Netflix had its “buy” rating re-affirmed by analysts at JPMorgan Chase & Co.. They now have a $625.00 price target on the stock. (View)
  • 9/14/2020 – Netflix is now covered by analysts at KeyCorp. They set an “overweight” rating and a $590.00 price target on the stock. (View)
  • 9/9/2020 – Netflix is now covered by analysts at Raymond James. They set a “market perform” rating on the stock. (View)
  • See More Analyst Rating at: RATING

Other rating updates by Jefferies Financial Group Inc: 

  • 9/28/2020 – Mercadolibre was upgraded by analysts at Jefferies Financial Group Inc from a “hold” rating to a “buy” rating. They now have a $1,350.00 price target on the stock, up previously from $1,190.00. (View)
  • 9/28/2020 – Diageo was given a new GBX 2,200 price target on by analysts at Jefferies Financial Group Inc. They now have a “sell” rating on the stock. (View)
  • 9/28/2020 – Commerzbank was given a new €4.90 price target on by analysts at Jefferies Financial Group Inc. They now have a “neutral” rating on the stock. (View)
  • 9/28/2020 – Danone was given a new €64.00 price target on by analysts at Jefferies Financial Group Inc. They now have a “buy” rating on the stock. (View)
  • See More Analyst Rating at: RATING

Netflix Stock Forecast, Price & News (NASDAQ:NFLX) Moving Average Technical Analysis

5 day Moving Average is $$481.02 And 5 day price change is $12.92 (2.75%)  with average volume for 5 day average is 4,032,560. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $498.80 and 20 day price change is -$43.39 (-8.24%) and average 20 day moving volume is 5,761,100. 50 day moving average is $495.17  and 50 day price change is -$44.51 ( -8.44%)  and with average volume for 50 days is : 6,472,194. 200 day moving average is $417.98  and 200 day price change is $189.76 (64.74%)  and with average volume for 200 days is : 7,512,952.

See More Analyst Rating at: RATING