JP Morgan Maintains Netflix (NFLX) Overweight Recommendation
Fintel reports that on April 19, 2023, JP Morgan maintained coverage of Netflix (NASDAQ:NFLX) with a Overweight recommendation.
Analyst Price Forecast Suggests 9.27% Upside
As of April 6, 2023, the average one-year price target for Netflix is $364.64. The forecasts range from a low of $217.15 to a high of $462.00. The average price target represents an increase of 9.27% from its latest reported closing price of $333.70.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Netflix is $34,642MM, an increase of 8.56%. The projected annual non-GAAP EPS is $10.75.
What are Other Shareholders Doing?
SLGFX - SIMT Large Cap Index Fund Class F holds 12K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 12K shares, representing an increase of 1.68%. The firm increased its portfolio allocation in NFLX by 18.45% over the last quarter.
Balasa Dinverno & Foltz holds 1K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
FWWFX - Fidelity Worldwide Fund holds 28K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 48K shares, representing a decrease of 71.43%. The firm decreased its portfolio allocation in NFLX by 62.05% over the last quarter.
Watershed Private Wealth holds 1K shares representing 0.00% ownership of the company.
Procyon Private Wealth Partners holds 2K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 2K shares, representing an increase of 2.34%. The firm increased its portfolio allocation in NFLX by 53.99% over the last quarter.
What is the Fund Sentiment?
There are 2982 funds or institutions reporting positions in Netflix.
This is an increase
of
157
owner(s) or 5.56% in the last quarter.
Average portfolio weight of all funds dedicated to NFLX is 0.64%,
an increase
of 7.80%.
Total shares owned by institutions increased
in the last three months by 2.40% to 425,498K shares.
The put/call ratio of NFLX is 1.07, indicating a
bearish
outlook.
Netflix Background Information
(This description is provided by the company.)
Netflix is the world's leading streaming entertainment service with over 195 million paid memberships in over 190 countries enjoying TV series, documentaries and feature films across a wide variety of genres and languages. Members can watch as much as they want, anytime, anywhere, on any internet-connected screen. Members can play, pause and resume watching, all without commercials or commitments.
See all Netflix regulatory filings.
This story originally appeared on Fintel.