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Fly News Breaks for July 19, 2016
NFLX
Jul 19, 2016 | 09:14 EDT
After Netflix reported weaker than expected subscriber metrics, Cantor thinks that the company's subscriber growth will probably remain "in check" in 2H16. However, the firm says that the continued growth of the company's gross sub additions in Q2 and its rising ARPU show that underlying demand for its product remains healthy. The firm expects the company to generate "sustained growth over time." It trimmed its price target to $120 from $130 but keeps a Buy rating on the shares.
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.