The Borneo Post (Sabah)

Wall Street has never been so far behind on Netflix


NETFLIX Inc’s 65 per cent jump so far in 2018 has been so fast that Wall Street analysts earlier this week were as much as US$60 behind the curve on a stock most say is a buy.

The online video streamer’s shares have remained well above analysts’ average 12-month target for much of this year, and the gap between the actual share price and the mean target hit a two-year high earlier this week, as the graphics below show.

Like the other technology stocks, Netflix shares have soared over the past few years, driven by subscriber growth.

While the mean 12-month price target that brokerages have on the shares of Inc, Facebook Inc, Google-owner Alphabet and Apple Inc are a little above their actual share price, in contrast the mean target for Netflix is well below its current share price. — Reuters

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