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NFLX

Netflix

$270.73

-3.71 (-1.35%)

08:38
10/09/19
10/09
08:38
10/09/19
08:38

Netflix price target lowered to $340 from $440 at Monness Crespi

Monness Crespi Hardt analyst Brian White lowered his Q3 revenue estimate for Netflix ahead of next week's report to $5.17B from $5.24B and cut his EPS forecast to $1.00 from $1.03 to account for the weakening macro environment. He also lowered his 2019 and 2020 revenue, EPS and subscriber forecasts, citing macro factors as well as incremental data points around "increasingly fierce competition." White maintains a Buy rating on Netflix shares but lowered his price target on the stock to $340 from $440 to account for his lowered estimates.

  • 16

    Oct

NFLX Netflix
$270.73

-3.71 (-1.35%)

10/03/19
NEED
10/03/19
NO CHANGE
NEED
Hold
Netflix can lose up to 10M of its 60M U.S. subs at current prices, says Needham
Needham analyst Laura Martin speculates that Netflix (NFLX) can lose as much as 5M-10M of its U.S. domestic subscribers unless it offers a cheaper service than its current $9-$16 per month subscription price point. The analyst cites the intensifying streaming content price war, as free-for-12-months Apple+ (AAPL) and $3 for 3 years Disney+ (DIS) enter the fold. Martin recommends that Netflix considers a new $6/month service subsidized with ads, since its balance sheet "cannot withstand larger cash losses", which would offer subscribers a price/value ratio comparable to other OTT entrants.
10/07/19
EVER
10/07/19
NO CHANGE
Target $300
EVER
In Line
Netflix price target lowered to $300 from $380 at Evercore ISI
Evercore ISI analyst Vijay Jayant issued his Q3 earnings preview for Netflix (NFLX), noting that sentiment on the name "has clearly turned incrementally negative over the last three months" as the stock has fallen about 30% from where it was trading immediately before the company's Q2 earnings report. He continues to believe that investors will focus primarily on subscribers, ARPU and margins. If Netflix fails to meet guidance that the service can grow net additions this year compared to last, it will likely hurt expectations about its base, Jayant said. He also wonders whether new services with lower price points from Disney (DIS) and Apple (AAPL) may cap Netflix's pricing power even if they are not direct substitutes. Jayant lowered his price target on Netflix shares to $300 from $380, citing his view that a multiple of 25 times his 2022 EPS estimate now seems appropriate. He keeps an In Line rating on Netflix.
10/08/19
PIPR
10/08/19
NO CHANGE
Target $440
PIPR
Overweight
Netflix loses lead to YouTube in Piper Jaffray teen survey
Piper Jaffray asked 9,500 high school students what percentage of their video consumption time they spend watching Netflix (NFLX), cable TV, Alphabet's (GOOG, GOOGL) YouTube and other over-the-top platforms, analyst Michael Olson tells investors in a research note. Netflix dipped slightly to 35% from 37% in Piper's last survey, ceding its multi-year pole position to YouTube, which leap-frogged to the top with 37%, up from 32% in the spring survey, says Olson. However, he believes Netflix continues to maintain "strong teen mind share" and attributes the position switch with YouTube at least partially to core differences between the content. Overall, fewer teens are indicating that their household subscribes to cable/satellite TV, which lost the most share, down to 12% versus 14% prior, the analyst points out. Olson maintains an Overweight rating on Netflix with a $440 price target.
10/08/19
OPCO
10/08/19
NO CHANGE
Target $410
OPCO
Outperform
Oppenheimer cautiously in line with consensus estimates, guidance for Netflix
After looking at 3P data from SimilarWeb, Google (GOOGL) Search Trends and YouTube Trailer views, Oppenheimer analyst Jason Helfstein notes that data points to mixed results for Netflix (NFLX). While SimilarWeb data suggests a Q3 subscriber miss, Google Trends and YouTube data are more favorable, he adds. Overall, the analyst believes the Street estimates have remained in line with guidance as uncertainty over data interpretation has led to an overhang, and says he remains cautiously in line with consensus estimates and guidance. Helfstein has an Outperform rating and $410 price target on Netflix shares.

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  • 14

    Oct

AYTU

Aytu BioScience

$1.21

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FCX

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FND

Floor & Decor

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  • 01

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BOX

Box

$16.74

0.345 (2.10%)

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  • 15

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REPR

RMS Medical Products

$0.00

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09:35
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  • 12

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VRTS

Virtus Investment

$90.90

2.59 (2.93%)

09:34
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VNO

Vornado

$62.65

0.46 (0.74%)

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  • 29

    Oct

CHKP

Check Point

$111.27

1.78 (1.63%)

09:32
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BSMX

Santander Mexico

$6.86

0.165 (2.47%)

09:32
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  • 01

    Nov

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GM

General Motors

$35.57

0.9 (2.60%)

09:29
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  • 29

    Oct

ACB

Aurora Cannabis

$3.68

-0.045 (-1.21%)

09:28
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  • 12

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ZLAB

Zai Lab

$32.38

0.01 (0.03%)

09:25
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  • 14

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AMZN

Amazon.com

$1,730.79

11.115 (0.65%)

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Ford

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  • 23

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ACM

Aecom

$37.14

0.35 (0.95%)

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WDC

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FLXN

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IPGP

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YNDX

Yandex

$29.95

-5.62 (-15.80%)

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  • 25

    Oct

AMCX

AMC Networks

$48.42

0.89 (1.87%)

09:19
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  • 31

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SPX

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$0.00

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AGN

Allergan

$169.06

1.255 (0.75%)

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  • 01

    Nov

TOL

Toll Brothers

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