Netflix (NFLX) Shares Gain 38% Since 52-Week Low; Is The Stock Still Undervalued?
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Price: $228.83 -0.17%
Rating Summary:
15 Buy, 18 Hold, 10 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
15 Buy, 18 Hold, 10 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade NFLX Now!
Charting Netflix (Nasdaq: NFLX), shares have gained about 38%...after hitting a 52-wk low of $60.70 on June 1, 2012.
The stock had been dismissed as a Wall Street darling about one year ago, when NFLX was trading at all time highs near $300. Concerns over competition, organic growth, international expansion, and innovation, began spooking investors. Several Wall Street firms turned negative, and currently eight firms have a 'Buy' rating, sixteen have 'Neutrals', and eight other firms are at 'Sell'. Price targets range from $45 to $300.
At this point, investors see some value here, and believe the stock is somewhat undervalued (considering recent run-up). Eyes will most definitely be on the Company's Q2 earnings report, which is scheduled for July 24th after the close. The current Street consensus is $0.05 and $888.96M, but the ranges are -0.02 to $0.14 and $878M to $901M.
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The stock had been dismissed as a Wall Street darling about one year ago, when NFLX was trading at all time highs near $300. Concerns over competition, organic growth, international expansion, and innovation, began spooking investors. Several Wall Street firms turned negative, and currently eight firms have a 'Buy' rating, sixteen have 'Neutrals', and eight other firms are at 'Sell'. Price targets range from $45 to $300.
At this point, investors see some value here, and believe the stock is somewhat undervalued (considering recent run-up). Eyes will most definitely be on the Company's Q2 earnings report, which is scheduled for July 24th after the close. The current Street consensus is $0.05 and $888.96M, but the ranges are -0.02 to $0.14 and $878M to $901M.
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