NFLX Has Its Price Objective Reduced To $472

NFLX
NFLX

Wall Street analysts have reduced the price target of NFLX from a sum of $485 to a sum of $472, in a Monday research report. According to the report, the company currently has a rating of sell as put by the brokerages. Analysts at Benchmark have set up the price target keeping in mind the negative 7.77% growth from the previous close of the company. 

The Stock Commentary of NFLX

There have been quite a few research equities that have commented on the stocks of NFLX. Morgan Stanley has already increased the price target of the company from a sum of $650 to $700 along with a rating of overweight in a 20th January research report. Barclays has also increased the price target of the company from $550 to $650, along with a rating of overweight in another 20th January research report.

UBS Group has followed the same road and increased the price rating of NFLX from neutral to buy, along with a price target which was increased to $650 in a 20th January research report. Piper Sandler also followed the trend and increased the price target to $652 in a 20th January research report. In the end, Wedbush has increased the price target of this entertainment network from $235 to a sum of $340 in a 20th January research report. 

Four of the investment analysts covering the firm have already given it a rating of sell, while eight of them have given it a rating of hold. Around twenty-five analysts have provided the company with a rating of buy. Currently, NFLX has a price target of $580.62, with a buy rating. 

The stocks of NFLX traded on Monday at $6.24. The moving average price of the company over a period of 50 days is $542.39, while the moving average price of the company over a period of 200 days is $514.86. The market cap of the firm is $226.66 billion.