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As Earnings Loom, Vetr Issues Hold On NFLX

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The Vetr crowd on Friday upgraded their rating for Netflix, Inc. (NASDAQ: NFLX) from the stock's previous rating of 2.5 stars (Sell), issued 22 days ago, to 3 stars (Hold). Crowd sentiment at the time of the upgrade was edging cautious, with 59 percent of Vetr user ratings bearish.

After reaching a 52-week high above $148 at the end of March, share price in the video streaming service has corrected slightly in the first 10 days of April to below $148.

However, the company is expected to report its Q1 earnings later this month. Because of its track record of consistently meeting its EPS estimate and remaining within 1 percent of its revenue estimates, analysts remain bullish on the stock and expect the company to maintain its good guidance and potentially add 5.2 million subscribers over the quarter, according to the company's own projection.

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Currently, the Vetr crowd's average target price for Netflix is up at $140.87, which is only slightly above the average analyst target price of $140.07. Netflix, Inc. is a popular stock on Vetr as more than 7 percent of users are holding NFLX in their watch-lists.

Latest Ratings for NFLX

DateFirmActionFromTo
May 2020CitigroupMaintainsNeutral
May 2020JefferiesInitiates Coverage OnBuy
Apr 2020SunTrust Robinson HumphreyMaintainsBuy

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Posted-In: VetrUpgrades Price Target Crowdsourcing Markets Analyst Ratings Tech

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