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NFLX

Netflix

$158.03

-7.85 (-4.73%)

06:34
06/12/17
06/12
06:34
06/12/17
06:34

Technical View: Netflix suffered technical damage in Friday's FANG meltdown

The so-called FANG names took some big point hits in Friday's trading. Of those, Netflix (NFLX) appears to have taken a more major technical hit than most. When looking at an OHLC chart, daily basis, the uptrend support line off the lows of April 20th was broken and remains broken this morning in early pre-market trading. At time of writing in the pre-market, price was last at $154.76, down over 2%. The uptrend support line intersection with price is at $163.50, making this so far a quite significant technical break. Next support at current price is at $150.94. Resistance is at Friday's closing price of $158.03. A move back above $163.50 would put the stock back on a more bullish footing.

NFLX Netflix
$158.03

-7.85 (-4.73%)

06/06/17
CANT
06/06/17
NO CHANGE
Target $190
CANT
Netflix price target raised to $190 from $165 at Cantor
Cantor Fitzgerald analyst Kip Paulson raised his price target for Netflix to $190 from $165 to reflect higher international streaming subscriber growth. The shares closed yesterday down 12c to $165.06. Broadband household penetration is less than 6% internationally, which suggests a "very long runway for growth" for Netflix subscriptions, Paulson tells investors in a research note. The analyst increased his out-year subscriber growth estimates to "at least" match 5%-6% global broadband household growth, which brings his 2024 subscriber estimate to 234M. If the U.S. level of penetration were attained globally, it would mean hundreds of millions more Netflix subscribers, the analyst contends. He keeps a Buy rating on the shares. With Netflix nearing 50% penetration of broadband households in the U.S., Paulson expects domestic streaming subscriber growth to slow from high single-digits to mid-single-digits over the next few years. He remains positive on Netflix shares given the company's "substantial" long-term growth potential, particularly in international markets.
05/25/17
MKMP
05/25/17
NO CHANGE
Target $195
MKMP
Buy
Netflix price target raised to $195 from $175 at MKM Partners
MKM Partners analyst Rob Sanderson raised Netflix's price target to $195 from $175 and maintained a Buy rating. The analyst thinks that Netflix will continue to reinforce its broad market appeal and expand its content budget as it scales users and eventually achieves the high-end of its 60M to 90M U.S. subscriber target. Sanderson also believes Netflix's mass appeal will result in hundreds of millions of homes globally.
05/25/17
PIPR
05/25/17
NO CHANGE
Target $190
PIPR
Overweight
Netflix price target raised to $190 from $166 at Piper Jaffray
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.
05/23/17
LOOP
05/23/17
NO CHANGE
Target $180
LOOP
Buy
Netflix target raised to $180 ahead of House of Cards' return at Loop Capital
Loop Capital analyst David Miller raised his price target on Netflix to $180 from $172 ahead of the debut next week of Season 5 of "House of Cards." The series "definitely drives subs," said Miller, who noted that after Season 4 became available for streaming last February Netflix ended up handily beating consensus forecasts for domestic and international subscribers. Miller, who believes the same pattern is set to take place again, "enthusiastically" retains his Buy rating on Netflix shares, he stated in the update to investors.

TODAY'S FREE FLY STORIES

L

Loews

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General Electric

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BRF S.A.

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SU

Suncor

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0.2 (0.57%)

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  • 05

    Dec

SAP

SAP

$113.85

-1.44 (-1.25%)

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FB

Facebook

$180.87

-0.99 (-0.54%)

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Facebook tool to show users which content was Russian propaganda, says Bloomberg »

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CSX

CSX

$51.01

0.79 (1.57%)

17:24
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  • 28

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AYTU

Aytu BioScience

$3.03

0.4301 (16.54%)

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EPIX

ESSA Pharma

$0.27

0.0059 (2.27%)

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MRDN

Meridian Waste Solutions

$1.69

0.0101 (0.60%)

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APD

Air Products

$161.62

-0.67 (-0.41%)

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BOOT

Boot Barn

$13.49

-0.23 (-1.68%)

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SD

SandRidge Energy

$17.50

0.88 (5.29%)

, BCEI

Bonanza Creek

$32.14

0.46 (1.45%)

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SandRidge Energy

$17.50

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BCEI

Bonanza Creek

$32.14

0.46 (1.45%)

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SD

SandRidge Energy

$17.50

0.88 (5.29%)

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SYMC

Symantec

$28.43

0.32 (1.14%)

, AMZN

Amazon.com

$1,156.16

16.67 (1.46%)

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Symantec

$28.43

0.32 (1.14%)

AMZN

Amazon.com

$1,156.16

16.67 (1.46%)

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  • 26

    Feb

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AMZN

Amazon.com

$1,156.16

16.67 (1.46%)

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  • 18

    Mar

NRIM

Northrim BanCorp

$34.75

-0.25 (-0.71%)

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AMZN

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$1,156.16

16.67 (1.46%)

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Cerner

$70.03

3.35 (5.02%)

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HPE

HP Enterprise

$13.10

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HPQ

HP Inc.

$21.34

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DE

Deere

$145.25

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ROK

Rockwell Automation

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EMR

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AXTA

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GME

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GES

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IRBT

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$68.50

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  • 22

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CHMI

Cherry Hill Mortgage

$18.51

0.06 (0.33%)

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NKTR

Nektar

$49.75

-0.23 (-0.46%)

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VIX

Volatility Index S&P 500 Options

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VGZ

Vista Gold

$0.68

0.0069 (1.03%)

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GPX

GP Strategies

$23.50

-0.2 (-0.84%)

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  • 29

    Nov

  • 30

    Nov

$NSD

NASDAQ Market Internals

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GPX

GP Strategies

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-0.2 (-0.84%)

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  • 29

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