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NFLX

Netflix

$348.88

-2.26 (-0.64%)

, DIS

Disney

$132.02

1.99 (1.53%)

08:41
04/16/19
04/16
08:41
04/16/19
08:41

Netflix price target raised to $470 from $440 at BMO Capital

BMO Capital analyst Daniel Salmon raised his price target on Netflix (NFLX) to $470 and kept his Outperform rating ahead of its Q1 earnings today, saying he expects "strong results" from the company. The analyst bases his price target change on his rolled out estimates for 2021-2028 and believes that Netflix still has "room to grow" internationally - particularly in India and Japan - while improving its per subscriber leverage on content spend and generating "steady growth of its consumer product licensing revenues." Salmon also believes that while Netflix remains the clear leader in global streaming, Amazon (AMZN) and Disney (DIS) can also be "long-term winners" in the sector.

NFLX

Netflix

$348.88

-2.26 (-0.64%)

DIS

Disney

$132.02

1.99 (1.53%)

AMZN

Amazon.com

$1,844.62

1.84 (0.10%)

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NFLX Netflix
$348.88

-2.26 (-0.64%)

04/16/19
DBAB
04/16/19
UPGRADE
Target $400
DBAB
Buy
Deutsche Bank upgrades Netflix to Buy, sees $400 stock in 12 months
Deutsche Bank analyst Bryan Kraft upgraded Netflix to Buy from Hold and raised his price target for the shares to $400 from $360. The streaming service, which reports Q1 results after the bell tonight, closed yesterday down $2.27 to $348.87. Consensus subscriber expectations for both 2019 and 2020 now seem conservative, Kraft tells investors in a research note. Further, Netflix shares have "de-rated enough," which makes the risk/reward profile attractive, adds the analyst. He sees the company's growth in revenue taking the stock to $400 over the next 12 months as the valuation shifts from 2019 to 2020 estimates. Netflix is winning the battle for talent and "looking more and more like a platform every day, rather than just an application," according to Kraft.
04/16/19
DBAB
04/16/19
UPGRADE
DBAB
Buy
Netflix upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Bryan Kraft upgraded Netflix to Buy from Hold ahead of tonight's Q1 results.
04/16/19
JPMS
04/16/19
NO CHANGE
JPMS
Overweight
Netflix Q1 earnings bar likely lowered amid Disney fears, says JPMorgan
Netflix (NFLX) shares are down 5% since the Disney (DIS) streaming service reveal last week, JPMorgan analyst Doug Anmuth tells investors in a research note. This likely reflects a potential overhang from not being able to disprove the Disney risk until late 2019/early 2020, Disney's initial $6.99 per month price point and "strong enthusiasm" on Disney's content and management's tone around being "all in" on streaming, says Anmuth. The analyst expects Disney+ will likely be the most competitive streaming offering to Netflix, but he does not view it as a major threat to Netflix subscriber numbers given the company's "quality and quantity" of content. Further, given the "strong global secular shift" toward streaming, there is room for multiple companies to succeed, he contends. Anmuth continues to like Netflix shares into tonight's results as he believes the competitive fears will prove overdone. Netflix's first half of 2019 content slate is strong and performing well, and the Q1 earnings bar has likely come down over the past few days, says Anmuth. He keeps an Overweight rating on Netflix shares.
04/15/19
STFL
04/15/19
NO CHANGE
Target $400
STFL
Buy
Netflix reaction to Disney+ unveiling overdone, says Stifel
Noting that Disney (DIS) shares rose by 11% and Netflix (NFLX) shares declined by 4% on Friday following the former's unveiling of details for its Disney+ streaming service, Stifel analyst Scott Devitt said he thinks the reaction in Netflix shares was overdone. Netflix will be outspending Disney by six times on content in 2020 and still be outspending Disney by four times on content by 2024, Devitt tells investors. The analyst, who thinks investors have spent too much time "debating who will win/lose among the winners instead of focusing more time on separating winners from losers in the category," keeps a Buy rating and $400 price target on Netflix shares.
DIS Disney
$132.02

1.99 (1.53%)

04/15/19
04/15/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Disney (DIS) upgraded to Neutral from Sell at BTIG with analyst Richard Greenfield saying the rating change was prompted more by the commentary from CEO Bob Iger on CNBC than by the company's investor day presentation unveiling Disney+. 2. Western Digital (WDC) upgraded to Buy from Neutral at Longbow with analyst Nikolay Todorov saying NAND fundamentals are bottoming and "there is a line of sight to cyclical recovery." 3. Dow Inc. (DOW), Huntsman (HUN), LyondellBasell (LYB), and Eastman Chemical (EMN) upgraded to Buy from Neutral at Nomura Instinet, while Olin (OLN) and Westlake Chemical (WLK) were upgraded to Neutral from Reduce. 4. Waste Management (WM) upgraded to Buy from Hold at Stifel with analyst Michael Hoffman saying even with potential divestitures to get the deal approved, adding Advanced Disposal "dramatically lowers" Waste Management's cost of capital, reduces capital spending, converts more of the fleet to CNG, and stimulates tuck-in activity that should all drive sustainable free cash flow growth. 5. Sony (SNE) upgraded to Buy from Hold at Jefferies. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/15/19
04/15/19
UPGRADE

Neutral
Disney upgraded to Neutral at BTIG on strategy shift
As previously reported, BTIG analyst Richard Greenfield upgraded Disney to Neutral from Sell, saying the rating change was prompted more by the commentary from CEO Bob Iger on CNBC than by the company's investor day presentation unveiling Disney+. The analyst says he was initially inclined to keep his Sell rating given the overly "ambitious" 60M-90M 5-year subscriber target for the product, adding that while it is "nearly impossible to disprove a five-year projection for a service that has not even launched", he saw the $2.5B original content investment by 2024 as too small. Greenfield turned less negative on stock however after the company's CEO Iger signaled that the company is more aware of the need to "realize an even more dramatic shift in strategy" to a more consumer-driven model that will be required as its legacy businesses erode.
04/15/19
LOOP
04/15/19
NO CHANGE
Target $140
LOOP
Buy
Disney price target raised to $140 from $130 at Loop Capital
Loop Capital analyst Alan Gould raised his price target on Disney to $140 and kept his Buy rating after its investor day presentation unveiling Disney+. The analyst says the preview offered greater specificity than expected and also "reset earnings expectations" with projections of 60-90M subscribers by 2024. Gould adds that while the related costs were "somewhat higher than anticipated" in FY20-22, the losses expected by FY23 are less than anticipated. The analyst also believes that investors will now be willing to pay a higher than normal premium for Disney shares.
AMZN Amazon.com
$1,844.62

1.84 (0.10%)

04/15/19
KEYB
04/15/19
NO CHANGE
KEYB
Amazon looks to be testing new apparel initiative, says KeyBanc
KeyBanc analyst Edward Yruma says that Amazon looks to be testing a new apparel initiative called Prime Stylist, which will offer women a curated set of apparel options with the assistance of a personal stylist. This marks an intensification of Amazon's efforts in apparel, which the analyst views as broadly negative for its competitors. Yruma continues to believe that apparel and grocery are two key focus areas within Amazon's retail business given its relatively low market share as well as favorable secular attributes.
04/15/19
WEDB
04/15/19
NO CHANGE
Target $180
WEDB
Neutral
Alliance Data structural challenges remain despite Epsilon sale, says Wedbush
Wedbush analyst Moshe Katri reiterates a Neutral rating and a $180 price target for Alliance Data (ADS) despite reported Epsilon's sale to Publicis (PUBGY) for $4.4B in cash. On one hand, his estimated Alliance Data stand-alone pro forma model suggests such a transaction could be highly accretive for its CEPS given Epsilon's lackluster growth rates combined with an inflated cost structure. On the other hand, the analyst notes that results from Alliance Data's 100-plus retailers will likely continue to be cannibalized by the "Amazon" (AMZN) effect, capping transaction volume growth and impacting results of the company's largest segment. Furthermore, the company will be selling its "big data"/analytics business, which in the past, has been viewed as a significant competitive differentiator, he adds.
04/12/19
LOOP
04/12/19
NO CHANGE
Target $2200
LOOP
Buy
Amazon shareholder letter highlights 'strategic priorities', says Loop Capital
Loop Capital analyst Anthony Chukumba kept his Buy rating and $2,200 price target on Amazon.com after the annual shareholder letter from CEO Jeff Bezos highlighted the company's strategic priorities and future direction. The analyst says the company intends to continue to focus on growing higher-margin third-party seller sales and aims to push forward with its Amazon Go cashierless store technology. Chukumba adds that Amazon is currently trading at a discount to its historical average on expected FY19 earnings basis.
04/10/19
WBLR
04/10/19
NO CHANGE
WBLR
MongoDB partnership with Google a positive development, says William Blair
Google (GOOG, GOOGL) announced yesterday at its annual Cloud Next developer conference a slew of partnerships with open source database and analytics vendors, including MongoDB (MDB), William Blair analyst Jason Ader tells investors in a research note. Instead of competing with these vendors, like its main rival Amazon Web Services (AMZN) has generally chosen to do, Google is deepening integrations with these open source solutions in an effort to simplify customer adoption of them through the Google Cloud Platform, says Ader. He believes that although Google Cloud Platform is a "distant third" in market share to AWS and Microsoft's (MSFT) Azure, the news is a positive development for MongoDB "that could begin to bring more attention to and turn the tide against open source strip mining." Ader reiterates an Outperform rating on MongoDB shares.

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BLK

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CHKP

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SNBR

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SKX

Skechers

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GBCI

Glacier Bancorp

$41.70

-0.7 (-1.65%)

16:36
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BLMN

Bloomin' Brands

$19.24

0.42 (2.23%)

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APHA

Aphria

$7.65

-0.165 (-2.11%)

16:32
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CNP

CenterPoint Energy

$30.29

0.28 (0.93%)

, SO

Southern Company

$51.95

-0.22 (-0.42%)

16:32
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CenterPoint Energy names Xia Liu as CFO, effective April 22 »

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CNP

CenterPoint Energy

$30.29

0.28 (0.93%)

SO

Southern Company

$51.95

-0.22 (-0.42%)

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BANF

BancFirst

$55.58

-0.34 (-0.61%)

16:30
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Earnings
BancFirst reports Q1 EPS 96c, consensus 92c »

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Options
Preliminary option volume of 20.4M today »

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ZSAN

Zosano Pharma

$3.41

-0.11 (-3.13%)

16:28
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Zosano Pharma CEO buys 100K shares of common stock »

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SJI

South Jersey Industries

$31.46

-0.16 (-0.51%)

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BCBP

BCB Bancorp

$13.09

0.08 (0.61%)

16:21
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VIX

Volatility Index S&P 500 Options

$0.00

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OKE

Oneok

$69.13

-0.59 (-0.85%)

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$NSD

NASDAQ Market Internals

$0.00

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$NYE

NYSE Market Internals

$0.00

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HEP

Holly Energy Partners

$28.23

0.51 (1.84%)

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HES

Hess Corp.

$65.87

-0.05 (-0.08%)

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DTRM

Determine

$0.00

(0.00%)

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PRTA

Prothena

$10.67

-0.08 (-0.74%)

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  • 06

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FFIN

First Financial

$60.25

-0.32 (-0.53%)

16:11
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Earnings
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  • 23

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INDB

Independent Bank

$84.23

-0.98 (-1.15%)

16:11
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