Netflix (NFLX) Gets a Buy Rating from Pivotal Research

By Jason Carr

Pivotal Research analyst Jeffrey Wlodarczak reiterated a Buy rating on Netflix (NFLXResearch Report) today and set a price target of $500. The company’s shares opened today at $355.

According to TipRanks.com, Wlodarczak is a 5-star analyst with an average return of 9.4% and a 64.2% success rate. Wlodarczak covers the Services sector, focusing on stocks such as Liberty Media Corporation Series A Liberty SiriusXM Common Stock, Charter Communications, and Sirius XM Holdings Inc.

Currently, the analyst consensus on Netflix is a Moderate Buy with an average price target of $403.63, which is a 13.7% upside from current levels. In a report issued on April 2, J.P. Morgan also reiterated a Buy rating on the stock with a $435 price target.

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Netflix’s market cap is currently $152.3B and has a P/E ratio of 130.18. The company has a Price to Book ratio of 29.07.

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