Needham Sticks to Its Hold Rating for Netflix

By Ryan Adsit

In a report issued on September 13, Laura Martin from Needham reiterated a Hold rating on Netflix (NASDAQ: NFLX). The company’s shares closed on Friday at $182.35, close to its 52-week high of $191.50.

According to TipRanks.com, Martin is a 5-star analyst with an average return of 15.1% and a 65.0% success rate. Martin covers the Services sector, focusing on stocks such as Charter Communications, MSG Networks Inc, and Nielsen Holdings.

Currently, the analyst consensus on Netflix is Moderate Buy and the average price target is $195.87, representing a 7.4% upside.

In a report issued on August 29, Robert W. Baird also reiterated a Hold rating on the stock with a $175 price target.

The company has a one year high of $191.50 and a one year low of $93.26. Currently, Netflix has an average volume of 6.85M.

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Netflix, Inc. operates as an Internet subscription service company, which provides subscription service streaming movies and TV episodes over the Internet and sending DVDs by mail. The company operates its business through the following segments: Domestic streaming, International streaming and Domestic DVD.