Currently, Netflix, Inc. is one of the 14 Best Big-name stocks to invest in. At the beginning of this month, two analysts posted their ratings and price targets for the stock, also indicating that it might experience a further increase in the coming days.
Seaport Global analyst David Joyce upgraded the video-streaming giant’s rating on October 7 to buy from Neutral and gave it a price target of $1,385 per share, which is an upside of 15 percent to its shares since the close on Wednesday.
The company observed that although Netflix Inc. stock has been showing signs that its share price is starting to slow down, investors may be digesting the enormous returns it has had thus far this year, as investors are getting excited about the monetization pace of the company in reference to its advertising infrastructure building.
In his pre-earnings research note, Joyce told investors that Seaport would be a buyer of the stock before it has its Q3 earnings call on October 21.
Regarding other related news, analysts at Itau BBA began coverage of Netflix Inc. the same day with an Outperform rating and a price target of $1,514.
The general market feel of the stock is still positive, considering that Wall Street analysts currently rate the stock a buy rating, and the average potential of the stock to increase in share price goes up by 11.9 percent.
