Stock Update: Netflix Inc (NASDAQ:NFLX) – Citi Cuts Amazon, NFLX, Google Price Targets On Stock Compensation

[at Investor’s Business Daily] – Citigroup slashed its price target on LinkedIn and also lowered its targets on shares of Amazon.com (AMZN), Alphabet (GOOGL), Facebook (FB) and Netflix (NFLX) in a report that takes a close look at the … Read more on this. Netflix, Inc. (NFLX) , currently valued at $45.07B, started the session at $102.88. Today’s price range has been between $102.47 and $105.29 per share with a trailing 52-week range being $58.46 to $133.27. Priced at 393.19x this year’s forecasted earnings, NFLX shares are relatively expensive compared to the industry’s 12.92x forward p/e ratio. According to a consensus of 35 analysts, the earnings estimate of $0.04 per share would be $0.01 worse than the year-ago quarter and a $0.01 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $0.26, which would be a $0.02 setback when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.97 Billion. If realized, that would be a 25.48% increase over the year-ago quarter. More recently, Atlantic Equities upgraded NFLX from Neutral to Overweight (Apr 1, 2016). Previously, FBR Capital downgraded NFLX from Outperform to Mkt Perform. Investors should keep in mind is that the average price target is $123.12, which is 19.67% above where the stock opened this morning. See more in (NASDAQ:NFLX) Similar Articles: Stock Update: Netflix Inc (NASDAQ:NFLX) – Netflix Caps Video Streams on AT&T, Verizon Customers (NFLX, T) Market Update (NASDAQ:NFLX): Will 2016 De-FANG Facebook, Amazon, Netflix, Google? Company Update: Netflix Inc (NASDAQ:NFLX) – Covered Call Alerts For Netflix, First Solar, Canadian Solar, Relypsa and Google Released By InvestorsObserver