Shares of Netflix, Inc. NFLX have lost more than 17 percent of value year-to-date, and 7.7 percent since June started. Following such a decline, the Vetr crowd seems to think some room for upside has been unlocked, as evidenced by its average price target of $106.09. This implies a potential return of roughly 13.3 percent from current valuations.
Related Link: Here's How Crowdsourced Ratings Can Beat The Market
Seeking to better reflect this upside potential, the community decided to upgrade its rating on Netflix’s stock on Monday, from 4.0 Stars (Buy) to 4.5 Stars (Strong Buy) - out of a possible 5.0 Stars rating.
Finally, it should be noted that, pretty much in accordance with the rating, 82 percent of the crowd's ratings are bullish.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.