Piper Jaffray (PJC) Analysts Raise Price Target on Netflix, Inc. (NFLX) to $330.00
Wednesday, July 13, 2021 12:01 PM

Equities research analysts at Piper Jaffray (NYSE: PJC) boosted their price target on shares of Netflix, Inc. (NASDAQ: NFLX) to $330.00 in a research note to investors on Wednesday.

Separately, analysts at BMO Capital Markets raised their price target on shares of Netflix, Inc. to $280.00 in a research note to investors on Wednesday. They now have a "market perform" rating on the stock. Also, analysts at Morgan Keegan raised their price target on shares of Netflix, Inc. to $295.00 in a research note to investors on Monday.

Shares of Netflix, Inc. traded up 2.42% during mid-day trading on Thursday, hitting $298.309. Netflix, Inc. has a 52 week low of $95.33 and a 52 week high of $301.50. The stock's 50-day moving average is $265.6 and its 200-day moving average is $229.. The company has a market cap of $15.667 billion and a price-to-earnings ratio of 83.65.

Netflix, Inc. last announced its quarterly results on Tuesday, April 26th. The company reported $1.11 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.08 EPS by $0.03. During the same quarter in the prior year, the company posted $0.59 earnings per share. The company’s quarterly revenue was up 20.70% on a year-over-year basis. On average, analysts predict that Netflix, Inc. will post $1.10 EPS next quarter.

Netflix, Inc. is a subscription service streaming movies and television episodes over the Internet and sending digital versatile discs (DVDs) by mail to more than 12 million subscribers. The Company’s subscribers can watch unlimited movies and television episodes streamed to their televisions and computers, and can receive DVDs delivered to their homes. The Company offers a variety of subscription plans, with no due dates, no late fees, no shipping fees and no pay-per-view fees. Subscribers can select from a library of titles that can be watched and a range of titles on DVD. On average, approximately two million discs are shipped daily from the Company’s distribution centers across the United States. In September 2010, the Company launched Canadian service for streaming movies and television episodes over Internet.

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