Shares of Netflix, Inc. (NASDAQ: 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
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
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.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.