Stock Rating Downgrade
In the last week the Value Trend Rating for Netflix Inc (NASDAQ: NFLX) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Netflix Inc (NASDAQ: NFLX) stock closed at $619.34 on 3/1/24 after a large increase of 2.7%. NORMAL trading volume accompanied the advance. The stock has risen 5.2% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, NFLX is expected to continue to be a major Value Builder.
Netflix has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Netflix has a poor Appreciation Score of 27 but a very high Power Rating of 99, producing the High Neutral Value Trend Rating.
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