Jefferies maintained a “Buy” recommendation for Netflix (NASDAQ:NFLX) on April 19, 2023, projecting a 12.85% upside from the latest closing price of $323.12. The average one-year price target for Netflix stands at $364.64, with estimates ranging from a low of $217.15 to a high of $462.00. Additionally, the projected annual revenue for Netflix is $34.6 billion, representing an increase of 8.56%, while the projected non-GAAP EPS is $10.75.
In the past quarter, 2,985 institutions reported holding positions in Netflix, an increase of 146 owners (5.14%). Institutionally owned shares rose by 2.69% to 426.8 million shares. Notably, the average portfolio weight for these funds dedicated to NFLX increased by 8.05% to 0.64%. The current put/call ratio for Netflix is 1.07, indicating a bearish outlook.
