Netflix Set To Rebound, Vetr Crowd Says

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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.

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Posted In: UpgradesPrice TargetCrowdsourcingAnalyst RatingsGeneralVetr
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