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Wall Street Analysts Are Neutral on Top Communication Services Picks

Tipranks - Sat Mar 7, 4:54AM CST

Analysts fell to the sidelines weighing in on Netflix (NFLXResearch Report) and Cardlytics (CDLXResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Netflix (NFLX)

Barclays analyst Kannan Venkateshwar maintained a Hold rating on Netflix today and set a price target of $115.00. The company’s shares closed last Thursday at $99.17.

According to TipRanks.com, Venkateshwar is a 4-star analyst with an average return of 9.0% and a 55.6% success rate. Venkateshwar covers the NA sector, focusing on stocks such as Optimum Communications Inc Class A, Charter Communications, and Warner Music Group. ;'>

Netflix has an analyst consensus of Strong Buy, with a price target consensus of $114.48, which is a 16.2% upside from current levels. In a report issued on February 27, Rosenblatt Securities also maintained a Hold rating on the stock with a $95.00 price target.

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Cardlytics (CDLX)

In a report released today, Kyle Peterson from Needham maintained a Hold rating on Cardlytics. The company’s shares closed last Thursday at $0.82.

According to TipRanks.com, Peterson is a 1-star analyst with an average return of -1.6% and a 39.7% success rate. Peterson covers the Financial sector, focusing on stocks such as Figure Technology Solutions, Inc. Class A, Upstart Holdings, and Axos Financial. ;'>

Currently, the analyst consensus on Cardlytics is a Hold with an average price target of $1.13, representing a 34.8% upside. In a report released yesterday, TipRanks – PerPlexity also upgraded the stock to Hold with a $0.89 price target.

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