Analysts Just Revised Their Ratings for These 5 Stocks

Page 5 of 5

1. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders: 109

Shares of Netflix, Inc. (NASDAQ:NFLX) jumped over seven percent on Wednesday, July 20, 2022, after Stifel upgraded the video streaming giant from “Hold” to “Buy.” The upgrade came a day after the company released its second-quarter results.

Stifel analyst Scott Devitt referred to Netflix’s growth plans, including implementing a password-sharing fee and launching an ad-supported streaming tier. Devitt also lifted his price target for Netflix, Inc. (NASDAQ:NFLX) from $240 per share to $250 per share.

Netflix, Inc. (NASDAQ:NFLX) recently announced mixed financial results for the second quarter. The company reported earnings of $3.20 per share, beating the consensus of $2.94 per share. However, its quarterly revenue of $7.97 billion missed analysts’ average estimate of $8.035 billion. On the positive side, the company said it lost 970,000 subscribers during the second quarter, well below analysts’ projected loss of 2 million subscribers.

You can also take a peek at 10 Best Electric Utility Stocks To Invest In and Jim Cramer Recommends These 10 Stocks For Recession.

Page 5 of 5