Netflix (NASDAQ: NFLX)‘s stock had its “neutral” rating reiterated by research analysts at JPMorgan Chase & Co. (NYSE: JPM) in a report issued on Thursday.
Separately, analysts at Needham & Company reiterated an “underperform” rating on shares of Netflix in a research note to investors on Thursday. Analysts at Goldman Sachs (NYSE: GS) raised their price target on shares of Netflix to $115.00 in a research note to investors on Thursday. Also, analysts at Gabelli upgraded shares of Netflix from a “sell” rating to a “hold” rating in a research note to investors on Thursday.
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. The Company is organized into two operating segments: United States and International. The Company obtains content from various studios and other content providers through fixed-fee licenses, revenue sharing agreements and direct purchases. The Company markets its service through various channels, including online advertising, broad-based media, such as television and radio, as well as various partnerships. In September 2010, the Company began international operations by offering an unlimited streaming plan without DVDs in Canada.
Netflix traded up 21.95% on Thursday, hitting $115.90. Netflix has a 52-week low of $62.37 and a 52-week high of $304.79. The stock has a 50-day moving average of $81.03 and a 200-day moving average of $144.6. The company has a market cap of $6.085 billion and a price-to-earnings ratio of 21.60.