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NFLX

Netflix

$270.73

-3.71 (-1.35%)

, DIS

Disney

$128.41

-2.5 (-1.91%)

08:49
10/09/19
10/09
08:49
10/09/19
08:49

Netflix price target lowered to $265 from $330 at Rosenblatt

Rosenblatt analyst Bernie McTernan said his estimate for Netflix's (NFLX) Q3 subscriber additions is roughly in-line with guidance but he believes the focus of the company's upcoming earnings report will be on the subscriber guidance for Q4, which he thinks "will be treated with greater than normal skepticism" as it will be coming roughly 2 weeks prior to the launch of AppleTV+ (AAPL) and 4 weeks ahead of the launch of Disney+ (DIS). He predicts the heightened competition will lead Netflix to miss the consensus subscriber growth forecast for Q4 and he also sees competition putting upward pressure on content spending, McTernan tells investors. Ahead of the upcoming report, he lowered his price target on Netflix shares to $265 from $330 and keeps a Neutral rating on the stock.

NFLX

Netflix

$270.73

-3.71 (-1.35%)

DIS

Disney

$128.41

-2.5 (-1.91%)

AAPL

Apple

$224.37

-2.61 (-1.15%)

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NFLX Netflix
$270.73

-3.71 (-1.35%)

10/09/19
MONN
10/09/19
NO CHANGE
Target $340
MONN
Buy
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.
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.
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.
10/07/19
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.
DIS Disney
$128.41

-2.5 (-1.91%)

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.
10/09/19
JPMS
10/09/19
NO CHANGE
Target $150
JPMS
Overweight
JPMorgan cuts Disney estimates on spending, 'choppy' Fox integration
JPMorgan analyst Alexia Quadrani views Disney as a "standout among its media peers" due to its scale, strategy and brand, which she believes will allow the company to succeed "in this rapidly changing media consumption environment." However, the investment spending in Disney's direct to consumer platforms and the "choppy" integration of Fox's assets lead to more uncertainty in the financial outlook near term, Quadrani tells investors in a research note. As a result, the analyst lowered her Q4 earnings per share estimate to 95c from $1.05 and fiscal 2020 estimate to $5.50 from $6.30. She also established a December 2020 price target of $150, the same as her previous December 2019 price target. Quadrani keeps an Overweight rating on Disney shares.
10/02/19
MSCO
10/02/19
NO CHANGE
Target $160
MSCO
Overweight
Morgan Stanley raises Disney+ subscriber view, reiterates Overweight on Disney
Morgan Stanley analyst Benjamin Swinburne noted that Disney (DIS) has formally announced distribution deals for Disney+ with all the major hardware makers and aggregators, other than Amazon (AMZN), though he assumes one will be coming too. He has raised his Disney+ subscriber forecast, telling investors that he sees the service reaching 15M-16M subscribers by the end of 2020 and over 75M by the end of 2024. In total, Swinburne forecasts Disney to have over 140M direct-to-consumer subscribers across Disney+, Hulu US and ESPN+ by the end of 2024, he stated. He reiterates an Overweight rating on Disney shares with an unchanged $160 price target.
AAPL Apple
$224.37

-2.61 (-1.15%)

10/07/19
CLVD
10/07/19
NO CHANGE
CLVD
Buy
Apple estimates raised at Cleveland Research on positive iPhone launch signs
Cleveland Research analyst Ben Bollin raised his iPhone revenue estimates for Apple's fourth quarter and FY20 as his checks suggest initial demand from the device refresh to be ahead of targets. Inventory seems tighter than last year and supply chain discussions have suggested positively revised forecasts, leading Bollin to increase his assumptions by about 3M units to reflect the favorable initial feedback and near-term demand momentum.
10/08/19
PIPR
10/08/19
NO CHANGE
Target $243
PIPR
Overweight
Piper survey shows Apple's dominance among teens 'remains well intact'
Piper Jaffray analyst Michael Olson says Apple's share of smartphone ownership was flat in his firm's Fall 2019 teens survey. Of the 9,500 respondents surveyed, 83% have an iPhone, Olson tells investors in a research note. He believes that the iPhone may have room to move higher, however, with 86% of teens anticipating their next phone to be an iPhone, tied for the highest ever in the survey. Further, the Apple Watch was the top smartwatch among teens, garnering 20% share, with the Samsung Gear next on the list at 2%, Olson adds. Overall, the analyst views the survey data as a sign that Apple's place as the dominant device brand among teens "remains well intact." He reiterates an Overweight rating on Apple shares with a $243 price target.
10/09/19
ADAM
10/09/19
NO CHANGE
Target $260
ADAM
Buy
Apple price target raised to $260 from $240 at Canaccord
Canaccord analyst T. Michael Walkley raised his price target on Apple to $260 from $240 following his North American survey which indicated iPhone 11 strength. With this strength he now believes the September quarterly results could come in at the high end of guidance. Walkley reiterated his Buy rating on Apple shares.

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SPY

SPDR S&P 500 ETF Trust

$298.89

2.88 (0.97%)

, SPX

S&P 500

$0.00

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20:46
10/15/19
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20:46
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20:46
Periodicals
China may retaliate if U.S. Congress passes bill supporting Hong Kong protesters 

Report from Bloomberg.

SPY

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BAC

Bank of America

$29.74

0.59 (2.02%)

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Abbott

$82.06

2.25 (2.82%)

20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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BAC

Bank of America

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0.59 (2.02%)

ABT

Abbott

$82.06

2.25 (2.82%)

USB

U.S. Bancorp

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PNC

PNC Financial

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BK

BNY Mellon

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0.47 (1.07%)

ALLY

Ally Financial

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CMA

Comerica

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1.765 (2.71%)

FHN

First Horizon

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RIO

Rio Tinto

$51.40

-0.43 (-0.83%)

20:17
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GNTX

Gentex

$26.98

0.65 (2.47%)

20:16
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VNE

Veoneer

$16.11

0.82 (5.36%)

20:16
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Initiation
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VC

Visteon

$82.45

0.63 (0.77%)

20:15
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20:15
Initiation
Visteon initiated at Guggenheim »

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DLPH

Delphi Technologies

$14.37

0.45 (3.23%)

20:14
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20:14
Initiation
Delphi Technologies initiated at Guggenheim »

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BWA

BorgWarner

$37.74

0.68 (1.83%)

20:13
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BorgWarner initiated at Guggenheim »

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LEA

Lear

$121.75

3.94 (3.34%)

20:13
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20:13
Initiation
Lear initiated at Guggenheim »

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DFIN

Donnelley Financial Solutions

$10.54

0.035 (0.33%)

20:12
10/15/19
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20:12
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20:12
Initiation
Donnelley Financial Solutions initiated at B. Riley FBR »

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JNJ

Johnson & Johnson

$132.84

2.17 (1.66%)

, TEVA

Teva

$6.96

0.22 (3.26%)

19:17
10/15/19
10/15
19:17
10/15/19
19:17
Periodicals
As part of proposed settlement, Teva offers $15B of free drugs, Bloomberg says »

The report also notes…

JNJ

Johnson & Johnson

$132.84

2.17 (1.66%)

TEVA

Teva

$6.96

0.22 (3.26%)

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WAFD

Washington Federal

$36.81

0.15 (0.41%)

19:04
10/15/19
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19:04
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19:04
Earnings
Washington Federal reports Q4 EPS 66c, consensus 65c »

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INGR

Ingredion

$81.17

0.94 (1.17%)

19:01
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19:01
Hot Stocks
Ingredion discloses malware affecting certain data centers »

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SPX

S&P 500

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SPDR S&P 500 ETF Trust

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Periodicals
Pelosi holds off on House vote over impeachment inquiry, Politico says »

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PBR

Petrobras

$14.40

0.02 (0.14%)

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Petrobras signs charter contracts for two FPSO platforms »

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SNBR

Sleep Number

$46.69

0.48 (1.04%)

, UAL

United Airlines

$87.90

0.9 (1.03%)

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Fly Intel: After Hours Movers »

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Sleep Number

$46.69

0.48 (1.04%)

UAL

United Airlines

$87.90

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MCK

McKesson

$138.17

4.01 (2.99%)

ABC

AmerisourceBergen

$83.18

1.6 (1.96%)

CAH

Cardinal Health

$47.93

1.16 (2.48%)

FULT

Fulton Financial

$15.90

0.19 (1.21%)

ETN

Eaton

$82.16

1.29 (1.60%)

SFIX

Stitch Fix

$20.83

-0.38 (-1.79%)

MGM

MGM Resorts

$27.87

-0.1 (-0.36%)

JBHT

J.B. Hunt

$111.65

1.985 (1.81%)

IBKR

Interactive Brokers

$47.43

0.26 (0.55%)

RYTM

Rhythm Pharmaceuticals

$20.90

0.52 (2.55%)

PRQR

ProQR Therapeutics

$6.21

-0.09 (-1.43%)

NTRA

Natera

$39.21

1.01 (2.64%)

PRNB

Principia Biopharma

$29.88

0.7 (2.40%)

X

U.S. Steel

$11.43

0.27 (2.42%)

ARCE

Arco Platform

$48.15

0.75 (1.58%)

TW

Tradeweb Markets

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-0.14 (-0.35%)

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KKR

KKR

$26.79

0.67 (2.57%)

, DB

Deutsche Bank

$7.79

0.235 (3.11%)

18:21
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KKR, partners cancel Latitude Financial IPO, Reuters reports »

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KKR

KKR

$26.79

0.67 (2.57%)

DB

Deutsche Bank

$7.79

0.235 (3.11%)

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TW

Tradeweb Markets

$39.79

-0.14 (-0.35%)

18:20
10/15/19
10/15
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18:20
Hot Stocks
Breaking Hot Stocks news story on Tradeweb Markets »

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TW

Tradeweb Markets

$39.79

-0.14 (-0.35%)

18:17
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18:17
10/15/19
18:17
Syndicate
Tradeweb Markets files to sell 14.8M shares of Class A common stock »

Refinitiv will continue…

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TW

Tradeweb Markets

$39.79

-0.14 (-0.35%)

18:16
10/15/19
10/15
18:16
10/15/19
18:16
Earnings
Tradeweb Markets sees Q3 adjusted EPS 27c, consensus 25c »

Sees Q3 revenue $200.98M,…

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  • 07

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EDIT

Editas Medicine

$20.30

0.48 (2.42%)

18:15
10/15/19
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18:15
Hot Stocks
Editas Medicine, AskBio enter research collaboration over in vivo delivery »

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WYNN

Wynn Resorts

$114.78

2.43 (2.16%)

18:03
10/15/19
10/15
18:03
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18:03
Periodicals
NV regulators want to ban Steve Wynn from NV casino industry, Reuters says »

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SFIX

Stitch Fix

$20.83

-0.38 (-1.79%)

18:00
10/15/19
10/15
18:00
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18:00
Hot Stocks
Stitch Fix director buys 150K shares of common stock »

In a regulatory filing,…

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  • 22

    Oct

NTRA

Natera

$39.21

1.01 (2.64%)

17:48
10/15/19
10/15
17:48
10/15/19
17:48
Syndicate
Natera files to sell $175M of common stock »

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AQST

Aquestive Therapeutics

$3.36

0.2 (6.33%)

17:45
10/15/19
10/15
17:45
10/15/19
17:45
Earnings
Aquestive backs FY19 revenue $38M-$45M, consensus $42.82M »

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