After Netflix plunge, Wall Street analysts forecast just tame returns ahead for the once high-flying FANG group

After Netflix plunge, Wall Street analysts forecast just tame returns ahead for the once high-flying FANG group

6 years ago
Anonymous $hM_jrxqbr-

https://www.cnbc.com/2018/07/17/after-netflix-drop-heres-where-street-thinks-the-fang-trade-will-go.html

Wall Street analysts believe the so-called "FANG" stocks — Facebook, Amazon, Netflix and Google-parent Alphabet — are set for significantly slower price growth over the next year than investors have grown accustomed to from the bull market momentum leaders.

CNBC looked at the average 12-month stock price forecast for each FANG member and calculated the return to that target for each stock. Taking the average of those expected returns, Wall Street expects the group will appreciate just 5.4 percent in price over the next 12 months, a far cry from the average return of 64.5 percent from the group the previous 12 months. It's also a much more bearish outlook than typical from the Wall Street analyst crowd.

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