How Analysts View Netflix after Disney’s Streaming Announcement
Netflix’s stock price movement
Netflix’s (NFLX) stock price closed at $171.40 on August 11. Netflix’s stock price has fallen 5.5% since August 8, the day the Walt Disney Company (DIS) announced its SVOD (subscription video on demand) services. Netflix’s stock price has gone up by 11.1% in the past one month and by 38.5% year-to-date.
In contrast, 21st Century Fox (FOXA), Time Warner (TWX), and CBS (CBS) have seen their stock prices rise 0.6%, 5.6%, and 4.8%, year-to-date, respectively. Netflix is currently trading above its 100-day and 50-day moving averages. The stock is currently trading 8.5% above its 100-day moving average of $158.00 and ~4% above its 50-day moving average of $165.00. Netflix’s stock is currently trading at a 4.7% discount to its 20-day moving average of $180.
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Analysts’ recommendations for Netflix
Currently, 41 analysts are covering the stock. Out of 41 analysts, 25 analysts have rated the stock a “buy,” and two analysts have rated the stock a “sell.” There are currently 14 analysts who have rated the stock a “hold.”
Analysts have set a target price of $185.56 for the stock and a consensus median target price estimate of $196.00 for the stock. Netflix is currently trading at a discount of 12.5% to its consensus median target price.