There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Netflix (NASDAQ: NFLX) and Home Depot (NYSE: HD) with bullish sentiments.
Netflix (NASDAQ: NFLX)
In a report released today, Matt Barasch from RBC Capital reiterated a Buy rating on Netflix (NASDAQ: NFLX), with a price target of $175. The company’s shares opened today at $160.25, close to its 52-week high of $161.16.
According to TipRanks.com, Barasch is ranked #1151 out of 4561 analysts.
Netflix has an analyst consensus of Moderate Buy, with a price target consensus of $160.57.
Home Depot (NYSE: HD)
In a report released today, Richard Chamberlain from RBC Capital reiterated a Buy rating on Home Depot (NYSE: HD), with a price target of $166. The company’s shares opened today at $157.28, close to its 52-week high of $158.15.
According to TipRanks.com, Chamberlain is a 2-star analyst with an average return of 0.7% and a 45.1% success rate. Chamberlain covers the Services sector, focusing on stocks such as Ascena Retail Group, Wal-Mart Stores Inc, and Abercrombie Fitch.
Currently, the analyst consensus on Home Depot is Strong Buy and the average price target is $164.40, representing a 4.5% upside.
In a report issued on May 2, Credit Suisse also maintained a Buy rating on the stock with a $163 price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.