MoffettNathanson Upgrades Netflix (NFLX) to Buy

MoffettNathanson analyst Michael Nathanson upgraded Netflix (NASDAQ: NFLX) from Neutral to Buy with a price target of $1,100.00 (from $850.00)

The analyst comments "We upgrade NFLX from Neutral to Buy and increase our price target +$250 to $1,100. We raise our estimates with greater confidence in the margin expansion story. Our updated valuation approach appropriately captures this growth using a 29.5x 2027E P/E multiple which implies a PEG ratio of 1.25, still below the PEG ratio of the S&P 500."

For an analyst ratings summary and ratings history on Netflix click here. For more ratings news on Netflix click here.

Shares of Netflix closed at $918.00 yesterday.

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