2019-09-24
Netflix news headlines: Netflix, Twitter And More 'Fast Money Halftime Report' Picks From September 24. Analyst Calls WWE A 'Precious Stone In Media'. Wells Fargo Initiates On Media Stocks, Disney Among Top Picks. Netflix shares are trading lower after receiving negative sentiment from multiple sell-side firms. Wells Fargo initiated coverage with a Market Perform rating and said the company is "at a turning point with investors," and Pivotal Research lowered the price target from $515 to $350.. Netflix Shares Unaffected Amid Report 'Jim Cramer says Netflix 'has become an open sore to this market''. Wells Fargo Says Netflix Is At A Turning Point. Benzinga's Top Upgrades, Downgrades For September 24, 2019. 10 Biggest Price Target Changes For Tuesday. UPDATE: Wells Fargo On Netflix Also Notes 'We'd be bullish when the valuation reflects maturity at say, 20-30x CY20E estimated EV/EBITDA, and more clarity on the FCF profile'. UPDATE: Wells Fargo On Netflix Notes 'At 50x CY20E estimated EV/EBITDA, ~6x EV/Sales, and an imponderable FCF yield (we don't expect break-even cash until 2022), there's too much opportunity for the KPI interplay to yield' Disappointing Results Seen In Q2. UPDATE: Wells Fargo Initiates Netflix With Market Perform, $288 Target As Firm Thinks Co. 'is at a turning point with investors'; Notes If Co. Hikes 'pricing or content too much and FCF expectations may suffer'. Pivotal Research Maintains Buy on Netflix, Lowers Price Target to $350. Wells Fargo Initiates Coverage On Netflix with Market Perform Rating, Announces $288 Price Target
NFLX closing price: 254.58999633789065