Netflix (NFLX) Crushed Post Earnings: Oppenheimer Sees Buying Opportunity
Tweet Send to a FriendGet Alerts NFLX Hot Sheet
Price: $239.00 +0.83%
Rating Summary:
15 Buy, 18 Hold, 10 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
15 Buy, 18 Hold, 10 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade NFLX Now!
Following a 16% sell off in Netflix (Nasdaq: NFLX) overnight, analysts at Oppenheimer research think Netflix stock represents a good buying opportunity.
"We view the selloff as a buying opportunity and reiterate our $130 target, based on 16x 2013E US earnings of $8.03. Moreover, assuming passage of H.R. 2471 by the August recesses, NFLX should begin offering 'Social-enabled TV' by the fall."
NFLX reported better than expected first quarter results this week. But the stock has been hit hard since reaching a 52 week high of $304.79 last July, and sentiment is clearly negative. Nonetheless, Oppenheimer analysts think the third quarter and full year numbers will tell the tale, and they reiterated their Outperform rating on the stock.
For an analyst ratings summary and ratings history on Netflix click here. For more ratings news on Netflix click here.
Get Alerted Instantly When News Breaks on NFLX and Other Stocks with EasyStockAlerts.com
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
"We view the selloff as a buying opportunity and reiterate our $130 target, based on 16x 2013E US earnings of $8.03. Moreover, assuming passage of H.R. 2471 by the August recesses, NFLX should begin offering 'Social-enabled TV' by the fall."
NFLX reported better than expected first quarter results this week. But the stock has been hit hard since reaching a 52 week high of $304.79 last July, and sentiment is clearly negative. Nonetheless, Oppenheimer analysts think the third quarter and full year numbers will tell the tale, and they reiterated their Outperform rating on the stock.
For an analyst ratings summary and ratings history on Netflix click here. For more ratings news on Netflix click here.
Get Alerted Instantly When News Breaks on NFLX and Other Stocks with EasyStockAlerts.com
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Applied Materials, Inc. (AMAT) Tops Q2 EPS by 3c, Offers Guidance
- Deutsche Bank Raises PT on Access Midstream Partners (ACMP) to $57
- Cisco Systems (CSCO) Tops Q3 EPS by 2c; Gross Margin Widens
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
