Loop Capital Markets Believes Netflix (NASDAQ: NFLX) Won’t Stop Here

By Carrie Williams

In a report released today, David Miller from Loop Capital Markets reiterated a Buy rating on Netflix (NASDAQ: NFLX), with a price target of $180. The company’s shares opened today at $157.75, close to its 52-week high of $161.78.

According to TipRanks.com, Miller is a 5-star analyst with an average return of 11.9% and a 65.2% success rate. Miller covers the Services sector, focusing on stocks such as Madison Square Garden Co, Cinemark Holdings Inc, and Clear Channel Outdoor.

Currently, the analyst consensus on Netflix is Moderate Buy and the average price target is $161, representing a 2.1% upside.

In a report issued on May 15, RBC Capital also reiterated a Buy rating on the stock with a $175 price target.

Netflix’s market cap is currently $67.73B and has a P/E ratio of 206.79. The company has a book value ratio of 22.7781.

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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. Netflix obtains content from various studios and other content providers through fixed-fee licenses, revenue sharing agreements and direct purchases. It markets its service through various channels, including online advertising, broad-based media, such as television and radio, as well as various partnerships. Netflix was founded by Marc Randolph and Wilmot Reed Hastings Jr., on August 29, 1997 and is headquartered in Los Gatos, CA.