Stock Rating Downgrade
The Value Trend Rating for Netflix Inc (NASDAQ: NFLX) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Netflix Inc (NASDAQ: NFLX) stock closed at $628.41 on 4/8/24 after a modest decline of -1.2%. However, trading volume in this decline was unusually low at 65% of normal. The stock has risen 3.5% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed 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 25 but a very high Power Rating of 99, producing the High Neutral Value Trend Rating.
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