![]() And he wrote to in his note to clients, quote, "Netflix is largely benefiting from media job cuts as competitors struggle amid ad market weakness and subscription services cash drains." So a lot of tailwinds for this company, especially at a time when we're seeing a lot of users turn to streaming for their overall TV viewership as opposed to cable and some of those other competitors. It won't be that's just based in the US.Īnd then another thing to note is we're seeing industry wide layoffs across the board in media. As Yahoo Finances Alexandra Canal has been tracking, at least four other Wall Street firms have raised their price targets on Netflix in the last several weeks leading into Netflixs second. Yahoo Finance media reporter Allie Canal previews Netflixs Q1 earnings report expected out after todays closing bell. He also called out the ongoing writers strike and how that could serve as a near-term tailwind, given Netflix's long programming lead time, deep library, and exposure to more international content, which is currently not impacted by the strike. NFLX analyst stock forecast, price target, and recommendation trends with in-depth analysis from research reports. If they do that, Helfstein argues that would boost average revenue per subscriber and unlock about $4.4 billion in annual revenue. Netflix had already established itself as the go-to for streaming entertainment, so there wasn’t much fear surrounding shares of the company whenever the world shut down. They're currently testing that in Canada. He also called out the possibility of the company discontinuing its lowest priced ad-free plan. Get the latest Netflix Inc (NFLX) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. Now, Helfstein cited a few areas of growth for the company like the bullish data surrounding the password sharing crackdown. But Pivotal Research currently has the highest outlook on Wall Street at 535 bucks a share, so potentially even more room to run on this stock, which is already up more than 45% year-to-date.Īs you're seeing on your screen now, according to data from Bloomberg, Netflix has about 28 buy ratings, 24 holds, and just four sells. Now, Oppenheimer's Jason Helfstein now joins three other analysts for that $500 price target, which is a second highest price target on the street- Cowen's John Blackledge, Guggenheim's Michael Morris, and Wells Fargo Steve with that $500 price target. The bulls are out when it comes to Netflix. Yahoo Finance’s Seana Smith and Dave Briggs sit down with Mahaney to discuss his bull case for Netflix. View real-time stock prices and stock quotes for a full financial overview. ![]()
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