Recently, Netflix Inc (Symbol: NFLX) outstripped the average analyst 12-month target price of $647.88, reaching $650.61/share in trading sessions. When a stock hits the set target, analysts are faced with two choices: either adjust the target upward due to positive business developments or downgrade based on valuation concerns.
Netflix Inc is analyzed by 34 different experts within Zacks coverage universe, contributing to the average target price. However, this number is merely a statistical average. Some analysts set lower targets, with one forecasting $450.00, while others aim as high as $800.00, creating a standard deviation of $74.362.
The purpose of examining the average NFLX target price is to tap into the “wisdom of crowds,” amalgamating various expert opinions to gauge the stock’s trajectory. With NFLX surpassing the $647.88/share target, investors receive a strong signal to reassess the company. The pivotal question now is whether $647.88 is a stepping stone to a higher target or if valuation concerns call for profit-taking.
| Latest NFLX Analyst Ratings Overview | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 21 | 21 | 22 | 22 |
| Buy ratings: | 2 | 2 | 1 | 1 |
| Hold ratings: | 15 | 15 | 15 | 15 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 1 | 1 | 2 | 2 |
| Average rating: | 1.91 | 1.91 | 1.96 | 1.96 |
The average rating in the table ranges from 1 to 5, where 1 indicates a Strong Buy and 5 a Strong Sell. The insights in this article are derived from Zacks Investment Research data via Quandl.com.
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