Netflix (NFLX) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Does Netflix (NFLX) have what it takes to be a top stock pick for momentum investors? Let's find out.
The average brokerage recommendation (ABR) for Netflix (NFLX) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?