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Netflix (NFLX) Hits a 52-Week Low — Why 37 Analysts Still See 56% Upside

Netflix (NFLX) Hits a 52-Week Low — Why 37 Analysts Still See 56% Upside

TradingKey – On June 23, shares of Netflix (NASDAQ: NFLX) touched a 52-week low of $72.97. At this price point, 37 out of the 50 analysts who cover the stock rate it a Buy, and the average price target they offer is $114, which suggests around 56% upside to the current stock price. The stock price has been declining over the past 12 months from the post-split high of $134.12 as the company experienced a string of negative events, which included the loss of a potential acquisition with Warner Bros. Discovery, a one-off $2.8 billion payment that artificially inflated Q1 earnings per share (EPS), the guidance for both revenue and EPS below Wall Street’s expectations in Q2, and the departure of co-founder Reed Hastings from the role of…

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