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On August 25, 2023, Loop Capital upgraded Netflix’s (NASDAQ:NFLX) rating from Hold to Buy.
The average one-year price target for Netflix is $472.66, suggesting a 16.15% upside from its closing price of $406.93. Netflix’s projected annual revenue is $34.64 billion, marking a 7.83% increase, with a projected non-GAAP EPS of $10.75.
There are currently 3,221 funds reporting positions in Netflix, reflecting an increase of 166 funds (5.43%) in the last quarter. Despite this, total shares owned by institutions have decreased by 9.87% over the last three months to 420,824K shares.
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