2019-10-17
Netflix news headlines: International Subscriber Growth Keeps Analysts Mostly Still Tuned In To Netflix. PreMarket Prep Recap: Netflix's Early Gains, And What Is Going On With Cronos?. DoorDash's New Delivery Kitchen Capitalizes On The "Netflix Economy". Canaccord Maintains Buy, $415 Target On Netflix As Firm Continues To Think Co's '$15 billion cash content budget and the breadth of its existing content library should allow it to maintain its market leadership'. Macquarie Downgrades Netflix As Competition Looms. How Earnings Season Is Playing Out In The WeTrader Paper Trading Competition. Benzinga Pro's Top 10 Most-Searched Tickers For Morning of Thursday, October 17, 2019. UPDATE: Macquarie On Netflix Also Thinks 'competition coming from Disney+ and others especially in the US will have only modest effect on churn, but we think it will be hard for Netflix to grow much more in the US, and we suspect pricing power is limited'. UPDATE: Macquarie Downgrades Netflix To Neutral As Firm Notes 'it's hard to deny the US is maturing, with sub add growth halving this year and the revenue effect of the price increases wearing off in Q1'20'. Brexit Deal Adds To Optimism On The Geopolitical Front. RBC Capital Maintains Outperform on Netflix, Lowers Price Target to $420. Huber Research Downgrades Netflix to Underweight. Mark Cuban Still Long Netflix After Q3 Earnings. Benzinga's Top Upgrades, Downgrades For October 17, 2019. Wedbush On Netflix Also Estimates 'that by the end of 2021 Netflix will have virtually no content from Disney, Fox, Warner Bros. or NBCUniversal, and we think its efforts to replace that content with originals will only partially succeed'. Wedbush On Netflix Also Expects Co's 'content spending to trigger substantial cash burn for many years; in spite of four Netflix price increases in the last five years, cash burn continues to grow'. Wedbush Maintains Underperform, $188 Target On Netflix Notes 'Denial Is a River in Egypt' As Firm Notes Co. 'faces a steep uphill climb to replace the content it is slated to lose over the next two years'. Credit Suisse On Netflix Also Notes '4Q19 feels more conservative than normal with mgmt. highlighting 3 unusual factors holding back net adds forecasts:'. Credit Suisse Maintains Outperform, $440 Target On Netflix As Firm Notes Global Net Adds Were 'well ahead of general buyside expectations for very disappointing international results (int'l ended up 55k ahead at 6.255m, up a strong 1.2m Y/Y)'. Baird Maintains Neutral on Netflix, Lowers Price Target to $300. KeyBanc On Netflix Also Notes 'This suggests a level of medium-term saturation and price elasticity that limit our perception of upside to profit growth expectations over the next year'. KeyBanc Maintains Sector Weight On Netflix As Firm Notes 'While Netflix reported 3Q sub growth that was better than some feared, global paid net adds appear likely to decline in 2019 and margins appear likely to expand in line with our expectations'. UPDATE: Bank Of America On Netflix Also Continues 'to see upside to '20/'21 margin and EPS, with operating income surprising consensus by a double digit percentage each quarter so far in '19'; Yet, Firm Remains Wary Of Competition, US Sub Growth. UPDATE: Bank Of America Reiterates Buy On Netflix, Lowers Target To $426 As Firm Notes 'We see Netflix's results providing relief to investors, as international subs beat and 4Q sub guidance looks conservative'. Bank of America Maintains Buy on Netflix, Lowers Price Target to $426. Morgan Stanley Maintains Overweight, $400 Target On Netflix As Firm Notes 'Against a wall of worry, results were better than feared and broadly in-line'; 'It is possible net adds have peaked, but earnings power has a long way to run'. Cowen & Co. Maintains Outperform on Netflix, Lowers Price Target to $415. Piper Jaffray Maintains Overweight on Netflix, Lowers Price Target to $400. 10 Biggest Price Target Changes For Thursday. Bernstein Maintains Outperform on Netflix, Lowers Price Target to $422. Wells Fargo Maintains Market Perform on Netflix, Raises Price Target to $308. Guggenheim Maintains Buy on Netflix, Lowers Price Target to $400. Tweet From CNBC's Carl Quintanilla Shows List Of Firms That Have Cut Netflix PRice Target. 26 Stocks Moving in Thursday's Pre-Market Session. Nomura Maintains Neutral on Netflix, Raises Price Target to $330. Macquarie Downgrades Netflix to Neutral. Netflix shares are trading higher after the company reported better-than-expected Q3 EPS results. The company also reported global streaming paid memberships up 19.2%.. 10 Stocks To Watch For October 17, 2019
NFLX closing price: 293.3500061035156