Several other analysts have also recently commented on the stock. Analysts at Needham & Company reiterated an “underperform” rating on shares of Netflix in a research note to investors on Thursday. Separately, analysts at Wedbush reiterated an “underperform” rating on shares of Netflix in a research note to investors on Tuesday, April 24th. Finally, analysts at Citigroup (NYSE: C) cut their EPS estimates on shares of Netflix in a research note on Tuesday. They now have a “buy” rating and a $130.00 price target on the stock.
Netflix opened at 69.96 on Friday. Netflix has a 52-week low of $62.37 and a 52-week high of $304.79. The company has a market cap of $3.884 billion and a price-to-earnings ratio of 23.68.
Netflix last posted its quarterly earnings results on Monday, April 23rd. The company reported ($0.08) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.27) by $0.19. Netflix’s revenue was up 21.0% compared to the same quarter last year. Analysts expect that Netflix will post $0.11 EPS next quarter.
Netflix, Inc. (Netflix) is an Internet subscription service streaming television shows and movies. The Company’s subscribers can watch unlimited television shows and movies streamed over the Internet to their televisions, computers and mobile devices, and in the United States, subscribers can also receive digital versatile discs (DVDs) delivered to their homes.