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NFLX

Netflix

$346.40

13.29 (3.99%)

18:38
10/16/18
10/16
18:38
10/16/18
18:38

Netflix says it has a 'long, long runway' in India

Chief Product Officer Greg Peters also says that the company is starting to see benefits from 'bundling' with internet service provider or mobile provider or pay TV operator, making it easier to find the Netflix app for customers. Says there are still pockets of consumers where it helps to make the signup easier even in America, where awareness of the product is high. Says our job is to provide consumers with great experiences, and that has earned us the right to raise prices a bit. " Comments from Q3 earnings call.

  • 16

    Oct

  • 13

    Nov

NFLX Netflix
$346.40

13.29 (3.99%)

10/16/18
MSCO
10/16/18
NO CHANGE
Target $450
MSCO
Overweight
Netflix continues to separate itself from competition, says Morgan Stanley
Ahead of its upcoming earnings report, Morgan Stanley analyst Benjamin Swinburne reiterated his Overweight rating on Netflix, though he trimmed his price target to $450 from $480 to account for foreign exchange impacts, higher rates and higher marketing spending. However, he believes its ramping global production is helping Netflix continue to separate itself from competition, Swinburne tells investors. His Q3 subscriber expectations are in line with guidance for the addition of 650,000 members in the U.S. and 4.35M internationally, Swinburne noted. For Q4, he forecasts 1.8M U.S. net adds and 5.75M internationally.
10/15/18
GSCO
10/15/18
NO CHANGE
Target $430
GSCO
Buy
Netflix price target lowered to $430 form $470 at Goldman Sachs
Goldman Sachs analyst Heath Terry lowered his price target for Netflix to $430 from $470 ahead of Q3 results to reflect the contraction in broader internet multiples. While 3rd party data has most investors anticipating net subscriber additions beyond management's July guidance, the analyst believes that has been balanced by expectations for more conservative Q4 guidance. Terry thinks upside to consensus expectations and what the strength in subscriber net additions says about Netflix's business, beyond just guidance for the next quarter, is likely to be a positive catalyst for the stock. Longer term, he continues to believe consensus forecasts significantly underestimate Netflix's future growth given its content, distribution and data advantages, the early stage growth opportunities left in most of its markets, and 2019's cash burn inflection. He reiterates a Buy rating on the shares.
10/12/18
10/12/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. MICROSOFT UPGRADED TO OUTPERFORM AFTER PULLBACK: Macquarie analyst Sarah Hindlian upgraded Microsoft (MSFT) to Outperform from Neutral and raised her price target on the shares to $121, saying she is taking advantage of the pullback in shares. Hindlian views Microsoft as a relatively defensive name with long-term earnings power and expects a strong start to FY19 following constructive field work. CITI UPGRADES NETFLIX TO BUY: Citi analyst Mark May upgraded Netflix (NFLX) to Buy from Neutral with an unchanged price target of $375. The valuation, following this week's selloff, has reached a level that warrants an "opportunistic" upgrade to Buy, May said. Netflix has a highly recurring subscription-based revenue business that delivers "significant value" to consumers, and its management team has a strong track record of execution, the analyst contended. Further, he believes the company's fundamentals remain strong and that is has opportunity to continue growing international subscribers. SQUARE UPGRADED TO BUY AFTER PULLBACK: Canaccord Genuity analyst Michael Graham upgraded Square (SQ) to Buy from Hold and raised his price target for the shares to $90 from $60. The recent pullback in the shares creates a long-term opportunity in a "truly disruptive and well-run company," Graham said. He believes the departure of CFO Sarah Friar is more about going to a promising company as CEO rather than walking away from a risk. PIVOTAL UPGRADES SNAP TO BUY: Pivotal Research analyst Brian Wieser upgraded Snap (SNAP) to Buy from Hold while lowering his price target for the shares to $8 from $9. The analyst said that despite declining usage and liquidity, the data he looks at is showing a "widening user base, although one which is collectively reducing its time on the platform." It is not too late for management to find ways to reverse recent usage trends and generally improve monetization regardless of those usage trends, Wieser added. Further, the analyst believes Snap could become an attractive candidate to go private with the stock's price at current levels. JPMORGAN DOWNGRADES ESTEE LAUDER TO NEUTRAL: JPMorgan analyst Andrea Teixeira downgraded Estee Lauder (EL) to Neutral and lowered her price target for the shares to $138 from $154. There may be a deceleration in the travel retail channel ahead now that Chinese customs agents are implementing tighter controls at the border, according to local source, Teixeira noted. Further, she believes the de-rating in luxury peers related to the group's "outsized exposure" to Chinese consumers will likely put a cap on Estee Lauder's valuation as well. The analyst also sees less opportunity for earnings beats on margins in the near term given tariff costs.
10/12/18
10/12/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Microsoft (MSFT) upgraded to Outperform from Neutral at Macquarie with analyst Sarah Hindlian saying she is taking advantage of the pullback in shares. 2. Netflix (NFLX) upgraded to Buy from Neutral at Citi with analyst Mark May saying the valuation, following this week's selloff, has reached a level that warrants an "opportunistic" upgrade to Buy. 3. Square (SQ) upgraded to Buy from Hold at Canaccord with analyst Michael Graham saying the recent pullback in the shares creates a long-term opportunity in a "truly disruptive and well-run company." 4. Snap (SNAP) upgraded to Buy from Hold at Pivotal Research with analyst Brian Wieser saying despite declining usage and liquidity, the data he looks at is showing a "widening user base, although one which is collectively reducing its time on the platform." 5. Costco (COST) upgraded to Buy from Neutral at Northcoast. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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CVA

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DJX

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IYT

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0.32 (0.17%)

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XLK

Technology Select Sector SPDR

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XLE

Energy Select Sector SPDR

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EIX

Edison International

$53.91

-1.65 (-2.97%)

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XLY

Consumer Discretionary Sector SPDR

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XLB

S&P Select Materials SPDR

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-0.08 (-0.15%)

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CEIX

Consol Energy

$40.57

-0.72 (-1.74%)

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  • 15

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XLU

Utilities SPDR

$54.48

-0.58 (-1.05%)

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XLP

Consumer Staples Sector SPDR

$56.01

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BERY

Berry Global

$45.91

-0.49 (-1.06%)

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  • 15

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XLV

Health Care Select Sector SPDR

$90.31

-0.75 (-0.82%)

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KBH

KB Home

$20.80

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IWM

iShares Trust Russell 2000 Index Fund

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DIA

Diamonds Fund ETF

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SPY

SPDR S&P 500 ETF Trust

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XLF

Financial Select Sector

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UMPQ

Umpqua Holdings

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SMH

Market Vectors Semiconductor

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QQQ

Invesco QQQ Trust

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MARK

Remark Holdings

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