Oppenheimer Slashes Price Target on Netflix (NFLX) But Maintains Bullish Stance
Tweet
Share
E-mail
Get Alerts NFLX Hot Sheet
Price: $78.16 -0.1%
Rating Summary:
57 Buy, 26 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
57 Buy, 26 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Oppenheimer slashed its price target on Netflix (NASDAQ: NFLX) from $185 to $100 but is keeping their Outperform rating.
The firm revised their model with Q4 guidance as a base.
While they expect a turnover in the shareholder base, with shares trading at 15x 2013E US non GAAP EPS the stock is an attractive opportunity for those with a 12-18 month investment horizon.
"We continue to believe Netflix offers the best value to consumers interested in reasonably-priced IPTV and mobile content, as well as a monitization stream for studio partners."
For more ratings news on Netflix click here and for the rating history of Netflix click here.
Shares of Netflix closed at $80.86 yesterday.
The firm revised their model with Q4 guidance as a base.
While they expect a turnover in the shareholder base, with shares trading at 15x 2013E US non GAAP EPS the stock is an attractive opportunity for those with a 12-18 month investment horizon.
"We continue to believe Netflix offers the best value to consumers interested in reasonably-priced IPTV and mobile content, as well as a monitization stream for studio partners."
For more ratings news on Netflix click here and for the rating history of Netflix click here.
Shares of Netflix closed at $80.86 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BMO Capital Reiterates Outperform Rating on Netflix (NFLX), Advertising Seen As a Key Lever
- Freedom Broker Upgrades Lifeway Foods (LWAY) to Buy
- Active options: NFLX HTZ MSTR NBIS PLTR SNDK CRWV MSFT ONDS ORCL CSCO
Create E-mail Alert Related Categories
Analyst CommentsSign 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!
