The Sell-Side Sentiment On Netflix Over The Last Month

On July 18, Netflix, Inc. NFLX reported its EPS for the second quarter exceeding the estimates. However, revenue and outlook fell shy of the expectations triggering a sell-off in the following day. The stock dropped 13.13 percent on July 19.

Following the results and outlook, most of the brokerages preferred to reiterate their rating on the stock and no one was ready to upgrade at least in the last more than two-month period. Therefore, when William Blair upgraded the shares of Netflix from Market Perform to an Outperform rating, investors were ready to venture into the stock thus boosting its price on Thursday.

A Look Back

The upgrade also made to look at all current sell-side sentiment on the stock in the last one-month period.

Outperform/Buy Ratings

• BTIG reiterated its Buy rating, $130 as the price tag.
• Canaccord Genuity retained its Buy rating, price target $115.
• Cantor Fitzgerald reiterated its Buy rating.
• Cowen & Co. reiterated its Buy rating, price target $110.
• Drexel Hamilton reiterated its Buy rating, $110 as the price tag.
• Goldman Sachs retained its Buy rating, price objective $115.
• JPMorgan maintained its Buy rating, $116 as the price target.
• Merrill Lynch reiterated its Buy rating, $146 as the price target.
• MKM Partners retained its Buy rating and $130 price objective.
• Morgan Stanley retained its Buy rating, price tag $110.
• Nomura Holdings reiterated its Buy rating, price target $110.
• Oppenheimer maintained its Buy rating, price tag $114.
• Pacific Crest maintained its Buy rating, $125 price target.
• Piper Jaffray maintained its Buy rating, price objective $122.
• RBC Capital maintained its Buy rating, price objective $130.
• William Blair upgraded from Market Perform to Outperform.

Hold Ratings

• Argus maintained its Hold rating.
• BMO Capital retained its Hold rating and $85 price objective.
• Citigroup reiterated its Hold rating, price tag $92.
• Credit Suisse maintained its Hold rating, price target $122.
• FBR Capital maintained its Hold rating, $90 as the price objective.
• Mizuho Securities reiterated its Hold rating, price tag $90.
• Needham retained its Hold rating.
• Sun Trust Robinson retained its Hold rating, price objective $100.
• UBS downgraded to Hold, price target $92.

Sell Ratings

• Battle Road Research maintained its Sell rating.
• Bernstein reiterated its Sell rating, $62 price objective.
• Jefferies reiterated its Sell rating, $76 target.
• Wedbush retained its Sell rating.

At time of writing, the stock was trading at $97.60, up 2.54 percent.