Despite Netflix, Inc. NFLX shares have seen nearly a 8 percent drop off over the past five days, the Vetr community has upgraded the company from 4 to 4.5 stars. This comes after recent statistics from Statista showed that more people are willing to pay for Netflix than cable television.
See how crowdsourced ratings can help predict the market?
Vetr members have given sell a strong buy rating and a $168.94 price target. This price target fairs much higher than the $145.55 price target from Wall Street analysts. The company opened Thursday around $149.
Of all Vetr raters, 42 percent believe traders and investors should sell Netflix stock.
For Vetr’s full analysis of Netflix, go here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.