Netflix Stock (NASDAQ:NFLX) Slips Despite Positive CFRA Comments

Streaming giant Netflix NFLX -0.15% ▼ may not have managed to land Warner Bros. Discovery WBD -0.23% ▼ , but that does not mean the picture is looking dire suddenly. In fact, new word from CFRA analysts says that things are looking up for the massive streamer. But investors were skeptical, and shares slipped fractionally in the closing minutes of Friday’s trading.

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CFRA analyst Ken Leon—who has nearly a five-star ranking on TipRanks—upgraded Netflix from Hold to Buy, and also hiked his price target on the stock to $115, up from its original $93. Netflix managed to land the upgrade thanks to likely expansions in “…member growth, average revenue per user expansion with pricing power, and advertising…”

Leon looks for growth in the mid-teens range, and while most of Netflix’s production is likely to remain in the United States, it has no trouble with going abroad for content where needed. With Netflix also looking to expand into video podcasts and live events, this should also prove catalyst enough to drive growth at the leader in streaming.

Controversy Fuel

The fact that Netflix is no stranger to controversy does not hurt matters either. In fact, it plans a new entry in its reality show series with Age of Attraction, a show that pretty much forces age gaps to show up somewhere in the proceedings. Couples look to form relationships without knowing one key fact about each other: their potential partner’s age.

The idea is that the show can illustrate that there is the ability to find chemistry with other people and yield compatibility without factoring in age. Some, of course, believe that this is basically an open invitation to squick as men in their mid-40s and beyond manage to land women barely out of high school. Given that the hosts of the show are a couple with an 18-year age gap, it makes a certain kind of sense.

Is Netflix Stock a Good Buy Right Now?

Turning to Wall Street, analysts have a Moderate Buy consensus rating on NFLX stock based on 27 Buys, eight Holds, and one Sell assigned in the past three months, as indicated by the graphic below. After an 11.29% rally in its share price over the past year, the average NFLX price target of $114.79 per share implies 15.89% upside potential.

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