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NFLX

Netflix

$99.50

-1.09 (-1.08%)

08:44
10/13/16
10/13
08:44
10/13/16
08:44

Netflix subscription growth to reaccelerate in Q4, into 2017, says Pacific Crest

Pacific Crest analyst Andy Hargreaves expects Netflix's Q3 results to be hurt by "excess churn" caused by its price increase. However, he predicts that the company's subscription growth will reaccelerate in Q4 and into 2017, driving the stock higher. The analyst keeps a $125 price target on Netflix and recommends buying the shares.

  • 17

    Oct

  • 29

    Nov

NFLX Netflix
$99.50

-1.09 (-1.08%)

10/10/16
RAJA
10/10/16
NO CHANGE
Target $120
RAJA
Outperform
Netflix remains a core holding at Raymond James
Raymond James analyst Justin Patterson said his research suggests US churn peaked in Q2 and he remains comfortable with his 300k US net adds for Q3. Further, Patterson said early International cohorts generate greater than 20% contribution margin and said EBITDA and earnings upside is likely in 2017 and beyond. The analyst recommends owning shares for a profit inflection as investments peaked in 2016 and reiterates his Outperform rating and $120 price target.
10/10/16
10/10/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Netflix (NFLX) initiated with a Sell at Deutsche Bank. 2. Noble Midstream (NBLX) initiated with an Overweight at Barclays, a Hold at Deutsche Bank, an Overweight at JPMorgan, an Outperform at Baird, a Buy at Mizuho, a Buy at Citi, and an Overweight at MUFG. 3. AB InBev (BUD) reinstated with a Buy at Goldman. 4. First Solar (FSLR) initiated with a Neutral at Piper Jaffray. First Solar (FSLR) initiated with a Neutral at Piper Jaffray. 5. Molson Coors (TAP) reinstated with a Buy at Goldman and resumed with a Buy at BofA/Merrill. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/12/16
UBSW
10/12/16
NO CHANGE
Target $92
UBSW
Neutral
Netflix app download showing maturity in U.S., picking up in Europe, says UBS
UBS analyst Doug Mitchelson said the firm's Evidence Lab shows Netflix app download data as reflecting maturity in the U.S. and Canada but picking up in Europe. The analyst said his confidence in 10M subscriber addition estimates is increased but he is not prepared to increase his estimates. Mitchelson does not expect Q3 results and Q4 guidance to resolve the bull/bear debate and continues to expect the shares to trade in a range. Mitchelson reiterated his Neutral rating on Netflix shares.
10/12/16
MSCO
10/12/16
NO CHANGE
Target $110
MSCO
Morgan Stanley sees 'un-grandfathering' peaking for Netflix in Q3
Morgan Stanley analyst Benjamin Swinburne believes the market expects Netflix (NFLX) to report Q3 domestic net subscriber additions that fall short of the company's 300K forecast. However, he thinks the impact of "un-grandfathering" will peak in Q3 and that the percentage of U.S. members seeing price increases will begin to fade in Q4. While acknowledging that Amazon (AMZN) continues to grow as a competitor for content and time spent, Swinburne notes that local and regional players in many markets continue to struggle. The analyst keeps an Overweight rating and $110 price target on Netflix shares.

TODAY'S FREE FLY STORIES

UBNT

Ubiquiti

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-4.335 (-7.89%)

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VLO

Valero

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0.47 (0.65%)

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UBNT

Ubiquiti

$50.62

-4.335 (-7.89%)

14:42
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REV

Revlon

$17.15

1.15 (7.19%)

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GLNG

Golar LNG

$21.04

-0.41 (-1.91%)

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EWW

iShares MSCI Mexico

$55.84

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ICON

Iconix Brand

$5.88

0.19 (3.34%)

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General news
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$NSD

NASDAQ Market Internals

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SAIC

SAIC

$64.20

0.92 (1.45%)

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$NYE

NYSE Market Internals

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UNIT

Uniti Group

$17.47

-0.93 (-5.05%)

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Options
Uniti Group put volume heavy and directionally bearish »

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  • 02

    Oct

POR

Portland General Electric

$46.57

0.21 (0.45%)

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VOLVY

Volvo

14:01
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Volvo to expand South Carolina production plant, CNBC reports »

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PETS

PetMed Express

$35.81

0.25 (0.70%)

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BBY

Best Buy

$53.68

-3.6695 (-6.40%)

13:55
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Conference/Events
Best Buy to host investor day »

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  • 19

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XOP

SPDR Oil Exploration and Production Fund

$32.01

-0.1011 (-0.31%)

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Options
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TOSBF

Toshiba, also use TOSYY

$2.88

-0.0001 (-0.00%)

, TOSYY

Toshiba, also use TOSBF

$17.25

-0.1699 (-0.98%)

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TOSBF

Toshiba, also use TOSYY

$2.88

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TOSYY

Toshiba, also use TOSBF

$17.25

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WDC

Western Digital

$89.18

0.66 (0.75%)

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SSTI

ShotSpotter

$10.88

0.01 (0.09%)

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VLO

Valero

$73.10

0.9 (1.25%)

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  • 26

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GIS

General Mills

$55.32

-1.11 (-1.97%)

13:34
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  • 20

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WDC

Western Digital

$89.18

0.66 (0.75%)

, TOSBF

Toshiba, also use TOSYY

$2.88

-0.0001 (-0.00%)

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WDC

Western Digital

$89.18

0.66 (0.75%)

TOSBF

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$17.25

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ADBE

Adobe

$155.77

1.28 (0.83%)

, FDX

FedEx

$215.84

0.76 (0.35%)

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ADBE

Adobe

$155.77

1.28 (0.83%)

FDX

FedEx

$215.84

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CPRT

Copart

$32.86

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BBBY

Bed Bath & Beyond

$27.30

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  • 19

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TOSBF

Toshiba, also use TOSYY

$2.88

-0.0001 (-0.00%)

, WDC

Western Digital

$89.18

0.66 (0.75%)

13:33
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Periodicals
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$2.88

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WDC

Western Digital

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CALD

Callidus Software

$26.05

0.55 (2.16%)

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