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Fly News Breaks for March 5, 2020
NFLX
Mar 5, 2020 | 05:11 EDT
Piper Sandler analyst Michael Olson's preliminary "Netflix Navigator" search index points to Q1 subscriber upside for both U.S. and Canada as well as international. The search index analysis suggests Q1 U.S. and Canada subscriber growth of 3.8% year-over-year, above the consensus estimate of 1.6%, and international growth of 32.5%, above the consensus of 29.9%. Netflix continues to capture a significant portion of traditional content consumption dollars as that spend migrates to streaming, and the company is a near-term beneficiary as coronavirus fears push consumers away from travel and out-of-home entertainment, Olson tells investors in a research note. The analyst keeps an Overweight rating on the shares with a $400 price target.
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.