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Barclays Capital Reiterates Equal-Weight, Raises PT On Netflix on Limited Upside

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In a report published Tuesday, Barclays Capital analyst Paul Vogel reiterated an Equal-Weight rating on Netflix, Inc. (NASDAQ: NFLX), and raised the price target from $400.00 to $450.00.

In the report, Barclays Capital noted, "Netflix is a widely popular product, driving the adoption of over-the-top viewing and non-linear programming. Despite the growth, we have often wrestled with how to value the stock, given the relatively low profit per customer, increased content spend and stepped up global competition. With increased spending likely to continue to depress margins and our increased conviction on slowing US subscribers we see limited upside to the stock at current levels."

Netflix closed on Monday at $425.00.

Latest Ratings for NFLX

DateFirmActionFromTo
Apr 2021Piper SandlerInitiates Coverage OnOverweight
Mar 2021Argus ResearchUpgradesHoldBuy
Mar 2021BenchmarkMaintainsSell

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View the Latest Analyst Ratings

 

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Posted-In: Barclays Capital Paul VogelAnalyst Color Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
GIKColliers SecuritiesInitiates Coverage On14.0
SANWLake StreetInitiates Coverage On6.0
LILAMorgan StanleyDowngrades15.0
BEJP MorganUpgrades36.0
NEXACredit SuisseUpgrades11.0
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