Piper Jaffray analyst Michael Olson raised his price target for Netflix shares to $190 from $166 and keeps an Overweight rating on the name. The streaming service closed yesterday down 20c to $157.75. After comparing Netflix's domestic streaming market penetration and margin trajectory to international streaming, the analyst believes 2020 earnings estimates could be "way too low." If, in the 24 quarters after hitting 20M subscribers, which will occur at end of 2020, the international streaming business is "anywhere close" to the market share and margin levels achieved by domestic, then 2020 consensus earnings for Netflix would be around 100% too low, Olson tells investors in a research note.

Comcast (CMCSA) is scheduled to announce quarterly results on April 25, while Paramount (PARA) and Warner Bros. Discovery (WBD) are... To see the rest of the story go to thefly.com. See Story Here