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Analysts’ Recommendations for Netflix Stock

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Jun. 26 2019, Published 2:49 p.m. ET

Analysts’ recommendations

Of the 45 analysts covering Netflix (NFLX), 30 recommend “buy,” ten recommend “hold,” and five recommend “sell.” Their average target price of $390.03 for the stock implies a 5.6% downside based on its June 21 closing price of $369.21.

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Netflix projected to grow amid competition

Despite competition stepping up in the streaming space, Netflix could remain king with its original content. Statista expects Netflix to reach 65 million US subscribers by 2020, and HBO Now, AT&T’s DIRECTV Now, Dish Network’s Sling TV, and PlayStation Vue to reach 5.6 million, 5.5 million, 3 million, and 0.5 million US subscribers, respectively. In 2019 and 2020, analysts expect Netflix’s EPS to grow ~27.65% and ~71.29% to $3.42 and $5.86, respectively, and its revenue to grow 27.9% and 23.7%.

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