UBS Keeps Their Buy Rating on Netflix (NFLX)

UBS analyst John Hodulik maintained a Buy rating on Netflix (NFLX – Research Report) today and set a price target of $685.00. The company’s shares closed last Friday at $622.83.

According to TipRanks, Hodulik is a 4-star analyst with an average return of 7.9% and a 63.03% success rate. Hodulik covers the Communication Services sector, focusing on stocks such as Netflix, Charter Communications, and Electronic Arts.

Netflix has an analyst consensus of Moderate Buy, with a price target consensus of $628.29, a 0.88% upside from current levels. In a report released on April 12, Evercore ISI also reiterated a Buy rating on the stock with a $640.00 price target.

Based on Netflix’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $8.83 billion and a net profit of $937.84 million. In comparison, last year the company earned a revenue of $7.85 billion and had a net profit of $55.28 million

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is neutral on the stock. Most recently, in February 2024, Jay Hoag, a Director at NFLX bought 3,742.00 shares for a total of $1,518,803.92.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Netflix (NFLX) Company Description:

Netflix, Inc. is a subscription-based streaming service through which members can view TV shows, documentaries and movies on any internet-connected device. The company also offers its DVD-by-mail service in the United States. Founded by Marc Randolph and Wilmot Reed Hastings Jr., on August 29, 1997, Netflix is headquartered in Los Gatos, CA.