Netflix (NFLX) is Upgraded by William Blair to Outperform

He upgraded the stock to an Outperform rating from Market Perform, and raised the price target to $145.

They report that Netflix has nearly double the above-average original shows that are still releasing new content compared to the next network, including both HBO and Showtime.

08/24/2016 – Netflix, Inc. was upgraded to “outperform” by analysts at William Blair.

Additionally, Cantor Fitzgerald reiterated its “Buy” rating and $120 price target on Netflix in a note released this morning, saying that the Rio Olympics ratings, which were down 9% over the London 2012 games across all platforms, may imply less headwind than previously expected for Netflix in Q3. They now have a United States dollars 85 price target on the stock.

Netflix, Inc. (NASDAQ:NFLX) [Trend Analysis] tries to capture market sentiments, shares knocked down -0.64% to $95.26. Shares of Netflix were trading higher by almost 3 percent on Thursday. (NASDAQ:NFLX) CATV Systems is 97.74 with a change in price of 2.69%. “Despite concerns about domestic subscribers in the recent quarter, we believe that Netflix will benefit as its 70 million-plus audience of nonpaying, often younger users transition to ages at which they become more likely to pay for Netflix”, the analysts write in the research report.

The millennial demographic shift is underappreciated as Netflix strives to reach its long-term domestic subscriber target of 60 million to 90 million, he said. The share price is trading in a range of $96.04 – 98.25. Technology Crossover Management Vii Ltd. owns 5.04 million shares or 31.31% of their U.S. portfolio. Netflix, Inc. has its YTD performance of -14.92 Percent. The share price is now at 2.81% for the past six months. Boston Private Wealth LLC purchased a new position in Netflix during the fourth quarter worth about $3,250,000. Finally, Scopia Capital Management LP boosted its position in Netflix by 55.2% in the first quarter. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 2,800 shares of the stock in a transaction on Thursday, June 2nd. 16 analysts have rated the company as a strong “Hold”. The disclosure for this sale can be found here. The stock traded with the volume of 10.79 Million in the last trading session. The Stock has its 52-week High of $133.27 and 52-Week Low of $79.95 and it touched its 52-week high on Dec 7, 2015 and 52-Week Low on Feb 8, 2016.

The stock’s 50 day moving average is 93.99 and its 200 day moving average is 95.40. Netflix, Inc. (NASDAQ:NFLX) has declined 3.38% since January 22, 2016 and is downtrending. The company is expected to next report earnings on or around 2016-10-12, according to available public information.

Netflix, Inc. (NASDAQ:NFLX) recently announced that it will produce an original content for the Indian market. For Schackart, Netflix could gain $2 billion to $3 billion in annual revenue if it could only put a halt to password sharing. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen.

Third-quarter guidance for net subscriber additions was lower than expectations for both domestic (300,000 versus Street at 774,000) and worldwide (2.0 million versus Street at 2.9 million) streaming segments.