Robert W. Baird Downgrades Netflix to Hold

In a report released today, William Power from Robert W. Baird downgraded Netflix (NASDAQ: NFLX) to Hold, with a price target of $115. The company’s shares closed last Thursday at $114.38.

Netflix has an analyst consensus of Moderate Buy, with an average price target of $129.82.

Based on Netflix`s latest earnings report from September 30, the company posted quarterly revenue of $1.74B and quarterly net profit of $29.43M. In comparison, last year the company earned revenue of $1.48B and had a net profit of $83.37M.

Like Robert W. Baird`s latest rating, based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is neutral on the stock. Most recently, in December 2015, Richard N. Barton, a a Director at NFLX sold 385 shares for a total of $46,119.

According to TipRanks.com, Power is a 4-star analyst with an average return of 5.7% and a 51.2% success rate. Power covers the technology sector, focusing on stocks such as Synchronoss Technologies, Metropcs Communications, and CommScope Holding.

Netflix Inc operates as an Internet television network providing TV shows & movies which include original series, documentaries & feature films. The Company has three segments namely Domestic streaming, International streaming & Domestic DVD.