why Netflix Inc. [NFLX] is a Good Choice for Investors After New Price Target of $284.44

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Netflix Inc. [NASDAQ: NFLX] stock went on a downward path that fall over -1.54% on Friday, amounting to a one-week price increase of more than 16.57%. The company report on July 19, 2022 that Netflix Releases Second-Quarter 2022 Financial Results.


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Netflix, Inc. (NASDAQ: NFLX) has released its second-quarter 2022 financial results by posting them to its website. Please visit the Netflix investor relations website at http://ir.netflix.net to view the Q2’22 financial results and letter to shareholders.

A video interview with Netflix co-CEO Reed Hastings, co-CEO & Chief Content Officer Ted Sarandos, Chief Financial Officer Spence Neumann, COO & Chief Product Officer Greg Peters and VP, IR & Corporate Development Spencer Wang will be available at 3:00 p.m. Pacific Time at youtube.com/netflixir. The interview will be conducted by Doug Anmuth, JPMorgan. Questions that investors would like to see asked should be sent to douglas.anmuth@jpmorgan.com.

Over the last 12 months, NFLX stock dropped by -56.93%. The one-year Netflix Inc. stock forecast points to a potential upside of 22.5. The average equity rating for NFLX stock is currently 2.70, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $90.51 billion, with 444.15 million shares outstanding and 437.65 million shares in the current float. Compared to the average trading volume of 12.80M shares, NFLX stock reached a trading volume of 17766571 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Netflix Inc. [NFLX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NFLX shares is $284.44 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NFLX stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Stifel have made an estimate for Netflix Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 20, 2022. While these analysts kept the previous recommendation, Wolfe Research raised their target price from $234 to $251. The new note on the price target was released on July 20, 2022, representing the official price target for Netflix Inc. stock. Previously, the target price had yet another drop from $260 to $240, while Robert W. Baird kept a Neutral rating on NFLX stock. On July 20, 2022, analysts decreased their price target for NFLX shares from 235 to 175.

The Average True Range (ATR) for Netflix Inc. is set at 10.27, with the Price to Sales ratio for NFLX stock in the period of the last 12 months amounting to 2.98. The Price to Book ratio for the last quarter was 5.58, with the Price to Cash per share for the same quarter was set at 14.63.

NFLX Stock Performance Analysis:

Netflix Inc. [NFLX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.57. With this latest performance, NFLX shares gained by 23.23% in over the last four-week period, additionally sinking by -56.63% over the last 6 months – not to mention a drop of -56.93% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NFLX stock in for the last two-week period is set at 66.75, with the RSI for the last a single of trading hit 74.28, and the three-weeks RSI is set at 59.70 for Netflix Inc. [NFLX]. The present Moving Average for the last 50 days of trading for this stock 186.91, while it was recorded at 210.66 for the last single week of trading, and 407.34 for the last 200 days.

Insight into Netflix Inc. Fundamentals:

Netflix Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.00.

NFLX Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NFLX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Netflix Inc. go to 11.65%.

Netflix Inc. [NFLX] Insider Position Details

There are presently around $77,107 million, or 80.60% of NFLX stock, in the hands of institutional investors. The top three institutional holders of NFLX stocks are: VANGUARD GROUP INC with ownership of 34,238,277, which is approximately 2.02% of the company’s market cap and around 1.49% of the total institutional ownership; BLACKROCK INC., holding 27,947,337 shares of the stock with an approximate value of $6.16 billion in NFLX stocks shares; and CAPITAL RESEARCH GLOBAL INVESTORS, currently with $4.14 billion in NFLX stock with ownership of nearly -27.651% of the company’s market capitalization.

1,036 institutional holders increased their position in Netflix Inc. [NASDAQ:NFLX] by around 32,435,182 shares. Additionally, 1,056 investors decreased positions by around 44,086,021 shares, while 216 investors held positions by with 273,266,413 shares. The mentioned changes placed institutional holdings at 349,787,616 shares, according to the latest SEC report filing. NFLX stock had 200 new institutional investments in for a total of 6,642,313 shares, while 407 institutional investors sold positions of 7,761,899 shares during the same period.

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