Market Update (NASDAQ:NFLX): Will 2016 De-FANG Facebook, Amazon, Netflix, Google?

[at Investor’s Business Daily] – With the 2016 stock market off to an inauspicious start, what might be in store for the big names from 2015? Known as the FANG stocks, Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Google parent Alphabet … Read more on this. Netflix, Inc. (NFLX) , currently valued at $49.03B, started trading this morning at $116.24. During today’s session, NFLX traded between $112.29 to $122.17 and has traded between $45.26 and $133.27 over the past 12 months. NFLX shares are currently priced at 560.38x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 0.64x earnings multiple for the same period. According to a consensus of 34 analysts, the earnings estimate of $0.02 per share would be $0.08 worse than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $0.21, which would be a $0.32 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.83 Billion. If realized, that would be a 23.65% increase over the year-ago quarter. Recently, Robert W. Baird downgraded NFLX from Outperform to Neutral (Jan 4, 2016). Previously, BMO Capital Markets Initiated NFLX at to Market Perform. Given all the information above, we should disclose to readers that the average price target is $122.70, which is 5.56% above than it opened this morning. See more in (NASDAQ:NFLX) Similar Articles: Market Update: Netflix Inc (NASDAQ:NFLX) – Amazon, Google, Facebook Will Outperform Again In 2016: Barclays Company Update: Netflix Inc (NASDAQ:NFLX) – Netflix and Google are streaming into overdrive Market Update: Netflix Inc (NASDAQ:NFLX) – The streaming revolution is real, and Google and Netflix are capitalizing