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NFLX

Netflix

$354.32

5.44 (1.56%)

, AAPL

Apple

$199.00

-0.21 (-0.11%)

07:40
04/17/19
04/17
07:40
04/17/19
07:40

Netflix price target lowered to $410 from $425 at Oppenheimer

Oppenheimer analyst Jason Helfstein lowered his price target for Netflix (NFLX) to $410 from $425 on modestly weaker FY19/20 subscriber outlook, partially offset by higher APRU. The analyst notes that despite new competitive entrants, such as Apple (AAPL) and Disney (DIS), Netflix cites potential for further upside with only 2% of global downstream mobile internet traffic versus 10% peak viewing share in U.S. He reiterates an Outperform rating on Netflix's shares.

NFLX

Netflix

$354.32

5.44 (1.56%)

AAPL

Apple

$199.00

-0.21 (-0.11%)

DIS

Disney

$130.15

-1.87 (-1.42%)

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NFLX Netflix
$354.32

5.44 (1.56%)

04/16/19
04/16/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Netflix (NFLX) upgraded to Buy from Hold at Deutsche Bank with analyst Bryan Kraft saying consensus subscriber expectations for both 2019 and 2020 now seem conservative. 2. Cenovus Energy (CVE) upgraded to Neutral from Sell at Goldman Sachs with analyst Neil Mehta citing improvements to the company's leverage outlook and a more constructive commodity price environment, particularly for Canadian heavy crude. 3. Cummins (CMI) upgraded to Buy from Neutral at Citi with analyst Timothy Thein saying he sees upside to 2019 estimates and thinks the company's out-year cash flows "stay higher for longer based on end market diversity and increasing contribution from the aftermarket." 4. Western Digital (WDC) upgraded to Buy from Hold at Deutsche Bank with analyst Sidney Ho starting to see favorable data points in both hard disk drive and NAND that will support a "solid" second half of the year recovery for Western Digital's earnings. 5. e.l.f. Beauty (ELF) upgraded to Buy from Neutral at DA Davidson with analyst Linda Bolton Weiser citing the findings of her proprietary store checks suggesting that the company products have seen a 17% increase in shelf space at Target (TGT), overtaking Coty's (COTY) Covergirl brand, while its Q1 sales "inflected from down high-single digits" in Q4 to low-single digits. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/17/19
PIPR
04/17/19
NO CHANGE
Target $440
PIPR
Overweight
Netflix Q2 guidance mixed on limited new content, says Piper Jaffray
Netflix (NFLX) last night reported upside for Q1 and provided a mixed Q2 outlook, Piper Jaffray analyst Michael Olson tells investors in a research note. Most importantly, says the analyst, is that international subscriber additions were ahead of expectations for the quarter and essentially in-line for the Q2 guide. For domestic subscribes, Q1 was also ahead of consensus, but Q2 domestic sub guidance is below the Street, adds Olson. He believes Netflix's Q2 is "light on new content" but that its slate "appears strong" for the second half of 2019. Further, despite new services on the horizon from Disney (DIS) and Apple (AAPL), the analyst expects "minimal impact" to Netflix subscriber additions and retention. Olson thinks Netflix will "continue to capture a significant portion of traditional content dollars as they migrate to streaming." The analyst reiterates an Overweight rating on Netflix shares with a $440 price target.
04/17/19
JPMS
04/17/19
NO CHANGE
Target $450
JPMS
Overweight
JPMorgan sees 'much more' to like than not in Netflix Q1, ups target to $450
JPMorgan analyst Doug Anmuth raised his price target for Netflix (NFLX) to $450 from $435 and reiterates an Overweight rating on the shares following last night's Q1 results. While the earnings report "may be controversial to some," mostly because of the light Q2 subscriber outlook, there's "much more to like here than not," Anmuth tells investors in a research note. Netflix's Q1 paid net adds of 9.6M and operating margin of 10.2% is above expectations and the company expects 2019 paid net adds to be greater than in 2018, the analyst points out. Further, he sees a "strong" back half of 2019 content slate across series and films. While 2020 will bring a more competitive landscape, the secular global streaming trend and ongoing improvements to Netflix's product should continue to drive "strong" sub growth, says Anmuth. He continues to believe that Disney+ (DIS) will not be a major threat to Netflix subscriber numbers.
04/17/19
ADAM
04/17/19
NO CHANGE
Target $415
ADAM
Buy
Netflix has long runway for growth, says Canaccord
Canaccord analyst Michael Graham maintained a Buy rating and $415 price target on Netflix following the company's Q1 earnings report. In a research note to investors, Graham says "there is a lot to like here," with subscriber growth beating expectations despite the rollout of price increases in key markets, adding that he expects Netflix and other streaming services to continue take "meaningful" market share from legacy TV viewing habits, reinforcing his view that there is a long runway for growth.
AAPL Apple
$199.00

-0.21 (-0.11%)

04/17/19
MZHO
04/17/19
NO CHANGE
Target $82
MZHO
Buy
Qualcomm price target raised to $82 from $62 at Mizuho
Mizuho analyst Vijay Rakesh raised his price target for Qualcomm (QCOM) to $82 from $62 after the company reached an agreement with Apple (AAPL) which dismisses all litigation. The settlement will be an "immediate bump" to QTL license revenue starting in the June quarter for Qualcomm, while the new six-year license agreement provides a 5G opportunity at Apple, Rakesh tells investors in a research note. He reiterates a Buy rating on Qualcomm shares.
04/17/19
JPMS
04/17/19
UPGRADE
Target $88
JPMS
Overweight
JPMorgan upgrades Qualcomm after 'overwhelmingly positive' Apple settlement
JPMorgan analyst Samik Chatterjee upgraded Qualcomm (QCOM) to Overweight from Neutral and raised his price target for the shares to $88 from $54. The stock in premarket trading is up 5%, or $3.82, to $74.27 after rallying 23% before yesterday's close. The settlement with Apple (AAPL) appears to be "overwhelmingly positive for Qualcomm despite the absence of details at this time," Chatterjee tells investors in a research note. The agreement includes a six-year patent licensing agreement and a multi-year chipset agreement, estimated by Qualcomm to drive earnings accretion of $2 per share, the analyst points out. Further, he believes the agreement opens up the opportunity for Qualcomm to resume chipset supply to Apple. Chatterjee says his upgrade of Qualcomm reflects a combination of upside driven by 5G leadership and dissipation of downside risks from litigations following the agreement with Apple.
04/17/19
ADAM
04/17/19
NO CHANGE
Target $89
ADAM
Buy
Qualcomm price target raised to $89 from $75 at Canaccord
Canaccord analyst T. Michael Walkley reiterated a Buy rating on Qualcomm (QCOM) and increased his price target to $89 from $75 after the company reached a settlement with Apple (AAPL) that dismissed all worldwide litigation. In a research note to investors, Walkley says he assumes Qualcomm will start supplying 5G modems for future iPhone generations with sales beginning to ramp in 4Q20. He also notes that the licensing deal between the companies is a device-level licensing deal, which he thinks protects QUalcomm's long-term licensing business model.
DIS Disney
$130.15

-1.87 (-1.42%)

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.
04/16/19
BMOC
04/16/19
NO CHANGE
Target $470
BMOC
Outperform
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.

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GES

Guess

$16.66

-0.41 (-2.40%)

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RHE

Regional Health Properties

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BBL

BHP Billiton plc

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0.225 (0.46%)

16:24
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Realty Income

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BHP

BHP Group

$55.14

0.19 (0.35%)

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AEP

American Electric

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Sempra Energy

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$82.92

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SRE

Sempra Energy

$125.35

-2.07 (-1.62%)

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O

Realty Income

$67.89

-0.66 (-0.96%)

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Realty Income acquires twelve properties in UK for GBP429M and raises FY19 FFO »

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
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Options
Closing CBOE SPX and VIX Index summary for April 22nd »

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VCYT

Veracyte

$23.04

0.02 (0.09%)

16:19
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Veracyte gets regulatory authorization to offer Envisia Genomic Classifier in NY »

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CMRE

Costamare

$5.65

-0.09 (-1.57%)

16:19
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Earnings
Costamare reports Q1 adj. EPS 12c, consensus 9c »

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AEP

American Electric

$82.92

-0.04 (-0.05%)

16:19
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TSLA

Tesla

$262.90

-10.35 (-3.79%)

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NOG

Northern Oil and Gas

$2.73

0.125 (4.81%)

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NBTB

NBT Bancorp

$36.77

-0.28 (-0.76%)

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NBT Bancorp reports Q1 EPS 66c, consensus 63c »

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WHR

Whirlpool

$139.39

0.35 (0.25%)

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JMP

JMP Group

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KAR

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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FBK

FB Financial

$33.76

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BOH

Bank of Hawaii

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0.54 (0.67%)

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WHR

Whirlpool

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CTRC

Centric Brands

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TTD

Trade Desk

$211.14

12.38 (6.23%)

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Initiation
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$NYE

NYSE Market Internals

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