Netflix, Inc. (NFLX): Pacific Crest Tops Them All


Right now you might be sick of the cold and fed-up with the snow but before you know it, the sun will be shining, the flowers will be blooming and Orange is the New Black will be back on Netflix, Inc. (NASDAQ:NFLX)! The video streaming website recently announced a June air date for the second season of its original hit show Orange is the New Black and fans are already excited. This show is just one of Netflix, Inc. (NASDAQ:NFLX)’s many successes that has analysts talking.  But, before you start making financial decisions about your Netflix stock, you might want to consult with an analyst who has Netflix, Inc. (NASDAQ:NFLX) in his queue.

Pacific Coast analyst Andy Hargreaves is ranked 36 out of 2396 analysts and has an 8.6% average return over S&P-500. Andy also has a 60% success rate of recommended stocks, which does not adequately represent his strength when it comes to his recommendations about Netflix, Inc. (NASDAQ:NFLX). In fact, Andy has a 70% success rate of NFLX recommendation and the last time he lost money on NFLX was back in 2012!

Netflix, Inc. NFLX

Most recently Andy recommended HOLD Netflix, Inc. (NASDAQ:NFLX) on January 23rd after fourth-quarter results beat Wall Street’s view and it added another 2.3 million U.S. subscribers. Andy argued, “Netflix is dominating its category and appears well positioned to maintain its momentum for the foreseeable future.” Since Andy’s recommendation, Netflix stock has already seen an increase of 12%!

In April of 2013, Andy recommended BUY Netflix, Inc. (NASDAQ:NFLX)  based on “the faster-than-expected sub growth and stronger international profit outlook.” Andy ended up earning +7.6% over S&P-500 due to this recommendation.

A month earlier (in March), Andy earned +12.8% over S&P-500 when he recommended BUY NFLX. At this time Andy dubbed Netflix, “the clear global leader in subscription streaming video.”

At the end of 2012 Andy also recommended BUY Netflix, Inc. (NASDAQ:NFLX), and again, saw a positive return. In response to the pace of spending on new content slowing-down Andy said, “As long as [Netlfix] manage[s] it so it’s within the realm of subscriber growth, the business should look really good.” Andy walked away with +31.5% over S&P-500!

Andy earned a similarly high return when he recommended BUY NFLX in September of 2012, pointing out that “the explosion in network-enabled devices like tablets and smartphones” were reasons that more people will to continue to sign up for Netflix services. Andy ended up with +31.7% over S&P-500.

If you are ready to do more than just watch Netflix, Inc. (NASDAQ:NFLX), be sure to review Andy’s past recommendation history before you follow his lead. Download TipRanks to see Andy’s, and other analysts’ pas recommendations, and start making informed decisions about your portfolio with advice from analysts you can trust.

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About the Author

TipRanks was founded in 2012 with the goal of giving power back to the individual investor. Our hope is that by making analyst performance data easily available and highly visible to the investing public, TipRanks will not just help save others from our investing mistakes, but will also bring back accountability, objectivity, and transparency to the business of stock picking and analyst reports. TipRanks is proudly unaffiliated with any investment firm.

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