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NFLX

Netflix

$328.54

2.17 (0.66%)

05:11
05/15/18
05/15
05:11
05/15/18
05:11

Piper survey shows most Netflix subscribers willing to pay more

Piper Jaffray analyst Michael Olson says his firm's survey of 1,100 domestic Netflix subscribers shows that most would be willing to pay more to remain subscribers of the service, with some willing to pay significantly more. Specifically, 64% of subscribers surveyed indicated that they would not cancel Netflix until it reaches a price of greater than $15 per month. Among those, 23% said they wouldn't cancel until pricing reached greater than $20 per month, and 5% would only cancel if pricing was well above $20 per month. The conclusion is that Netflix could raise monthly prices to $15 or more today and approximately two-thirds of subs would absorb the increase and remain on the service, Olson tells investors in a research note. Compared to a similar survey taken in mid-2016, a higher percentage of subscribers are willing to pay a higher monthly fee, suggesting Netflix content has improved, the analyst adds. Olson reiterates an Overweight rating on Netflix with a $367 price target. The streaming service closed yesterday up $2.07 to $328.53.

NFLX Netflix
$328.54

2.17 (0.66%)

04/17/18
BMOC
04/17/18
NO CHANGE
Target $324
BMOC
Market Perform
Netflix price target raised to $324 from $310 at BMO Capital
BMO Capital analyst Daniel Salmon raised his price target on Netflix to $324 after the company's above-consensus Q1 earnings and Q2 guidance. Salmon says the company has made improvements on churn, developed more original content, and accomplished more with its distribution partnerships while also demonstrating its marketing effectiveness and boosting its per-subscriber leverage. The analyst is keeping his Market Perform rating on Netflix as shares "properly value" the company's opportunity, but adds that a "pullback/controversy/new story" would lead him to consider a more bullish stance.
04/17/18
RBCM
04/17/18
NO CHANGE
Target $360
RBCM
Outperform
Netflix price target raised to $360 from $350 at RBC Capital
RBC Capital analyst Mark Mahaney raised his price target on Netflix to $360 after the company's "very strong" Q1 results, saying 2018 looks to be an "inflection year" for the stock. The analyst cites Q1 net subscriber adds' consensus beat of 32% for domestic and 9% for international segments, while the outlook for Q2 was above the Street by 23% and 19% respectively. Mahaney also points to improving profitability, as Netflix domestic contribution margin expanded by 400bps to 38% and international margin reached a record high of 15%. The analyst keeps his Outperform rating on Netflix, maintaining his view of the company's "King of Content" position amid a rapid global ramp in demand for internet TV.
04/18/18
ARGS
04/18/18
NO CHANGE
ARGS
Hold
Netflix valuation remains 'significantly higher' than peers, says Argus
Argus analyst Joseph Bonner kept his Hold rating on Netflix (NFLX) but raised his FY18 EPS view to $2.89 from $2.73 after the company's Q1 earnings beat. The analyst says the company is benefiting from the "secular growth of internet-delivered on-demand video" but also warns that it is taking on more debt, resulting in a "stunning" cash-burn rate. Bonner adds that the market is still judging the company by its subscriber growth while overlooking the costs associated with the ramp in content production and content licensing. The analyst is also cautious on Netflix valuation as its trailing enterprise value to EBITDA multiple is 136-times relative to 29-times peer average and 48-times at Amazon (AMZN).
04/30/18
MSCO
04/30/18
INITIATION
Target $190
MSCO
Overweight
Spotify initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Benjamin Swinburne initiated coverage of Spotify with an Overweight rating and $190 price target, projecting that its premium user base can grow from 70M to about 200M by the end of 2022, with revenue growing over 20% per year. Swinburne, who notes that there are 1.3B smartphone users in Spotify's 65 existing markets, also pointed out that time spent on Spotify Premium is "nearing Netflix levels."

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INGIY

Ingenico

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MSFT

Microsoft

$113.24

1.05 (0.94%)

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BWA

BorgWarner

$42.99

-1.17 (-2.65%)

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JLL

Jones Lang LaSalle

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0.795 (0.55%)

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RACE

Ferrari

$138.31

5.465 (4.11%)

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SMRT

Stein Mart

$1.97

-0.09 (-4.37%)

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Internap

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-0.33 (-2.59%)

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INAP

Internap

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TRVG

Trivago

$5.13

0.26 (5.34%)

PRQR

ProQR Therapeutics

$20.25

-1.4 (-6.47%)

MSFT

Microsoft

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1.05 (0.94%)

EVOP

EVO Payments

$26.27

-0.42 (-1.57%)

TSM

TSMC

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SPX

S&P 500

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(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$290.96

1.55 (0.54%)

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S&P 500

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SPY

SPDR S&P 500 ETF Trust

$290.96

1.55 (0.54%)

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SQ

Square

$87.97

1.1 (1.27%)

18:55
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Square seeks to bring 'omnichannel' experience to restaurants, CNBC says »

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MSFT

Microsoft

$113.24

1.05 (0.94%)

18:48
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Hot Stocks
Microsoft confirms raised quarterly dividend payment to 46c from 42c per share »

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KL

Kirkland Lake Gold

$17.57

-0.64 (-3.51%)

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Kirkland Lake Gold acquires shares of Osisko Mining »

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MSFT

Microsoft

$113.24

1.05 (0.94%)

18:39
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18:39
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Hot Stocks
Breaking Hot Stocks news story on Microsoft »

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OMAB

OMA Airports

$56.18

2.13 (3.94%)

18:23
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OMA Airports rating change at Santander »

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CE

Celanese

$113.41

-0.03 (-0.03%)

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WYNN

Wynn Resorts

$132.97

0.56 (0.42%)

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GLD

SPDR Gold Trust

$113.43

-0.18 (-0.16%)

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JAZZ

Jazz Pharmaceuticals

$161.89

0.92 (0.57%)

17:35
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RIG

Transocean

$11.93

0.335 (2.89%)

17:29
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17:29
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NE

Noble Corp.

$6.15

0.19 (3.19%)

17:26
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17:26
Initiation
Noble Corp. initiated at Morgan Stanley »

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CCOEY

Capcom

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Capcom shutting down Vancouver studio, Kotaku says »

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BBY

Best Buy

$77.70

0.67 (0.87%)

17:24
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Syndicate
Breaking Syndicate news story on Best Buy »

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DO

Diamond Offshore

$17.86

0.55 (3.18%)

17:22
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17:22
Initiation
Diamond Offshore initiated at Morgan Stanley »

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TSM

TSMC

$43.57

-0.2 (-0.46%)

17:20
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TSMC rating change at Morgan Stanley »

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WHD

Cactus

$35.93

1.24 (3.57%)

17:17
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17:17
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Initiation
Cactus initiated at Morgan Stanley »

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