Wedbush Reiterates a Sell Rating on Netflix (NFLX)

By Austin Angelo

In a report released today, Michael Pachter from Wedbush reiterated a Sell rating on Netflix (NFLXResearch Report), with a price target of $150. The company’s shares closed on Friday at $337.59.

According to TipRanks.com, Pachter is a 1-star analyst with an average return of -2.4% and a 47.9% success rate. Pachter covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, AMC Entertainment, and Best Buy Co.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Netflix with a $385.74 average price target.

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Based on Netflix’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $403 million. In comparison, last year the company had a net profit of $186 million.

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