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Fly News Breaks for June 15, 2016
NFLX
Jun 15, 2016 | 08:23 EDT
Pacific Crest disagrees with the bear thesis which states that Netflix will not be able to generate returns on its content spending. The firm notes that Netflix's U.S. streaming business has been very profitable over the past three years, showing that its business generates increasing returns over time. Meanwhile the international markets it launched before 2015 have also become profitable, the firm notes. The firm expects the company's newest markets to conform to this pattern. It keeps a $130 price target and Overweight rating on the stock.
News For NFLX From the Last 2 Days
NFLX
Mar 27, 2024 | 08:06 EDT
Wedbush analyst Michael Pachter raised the firm's price target on Netflix to $725 from $615 and keeps an Outperform rating on the shares. The firm also removed Netflix from Wedbush's Best Ideas List after a year of significant growth. The firm's quarterly survey indicates a seasonal deceleration in subscribers and an expansion of subscribers on Netflix's ad tier. As long as global trends remain consistent and the ad market continues to improve this year, Wedbush expects Netflix to continue to report strong results. With that said, some of the major catalysts that drove its Best Ideas List placement have been priced in. The firm thinks the ad tier will continue to limit churn, and it has a significant opportunity to expand its advertising revenue in 2024 and beyond. Furthermore, Wedbush believes Netflix has reached the right formula with global content creation, balancing costs, and increasing profitability.
NFLX
Mar 26, 2024 | 05:40 EDT
BofA added Spotify (SPOT) to its US 1 List while removing Netflix (NFLX). The list is a collection of the firm's best ideas.