2019-07-12
Netflix news headlines: Wedbush On Netflix Continues 'and it is unclear whether Netflix can replace it with quantity and quality sufficient to keep its current subscriber base loyal'; Thinks Competitors Will Be Slow To Gain Scale; Expects Status Quo To Last Until End Of 2021. Wedbush Maintains Underperform On Netflix, Maintains $183 Target As Firm Notes 'Our UNDERPERFORM rating does not imply the imminent demise of the service; rather, we expect the migration of third-party content to be relatively slow'. Bank Of America Also Comments On Loss Of 'Friends' And 'The Office'; Cites 3 Reasons The Loss Is Not All Bad. Bank Of America On Netflix Also Notes 'We would see any dip around these worries as an enhanced buying opportunity because we do not see Disney/HBO as the competition'. Bank Of America Reiterates Buy, Reiterates $450 Target On Netflix As Firm Believes 'any post-earnings selloff may be an enhanced buying opportunity, with historical data showing positive 90 day stock returns in price-hike quarters since 2015'
NFLX closing price: 373.25