2019-11-25
Netflix news headlines: PreMarket Prep Recap: Merger Monday, Tesla Two-Step, Street Fades Netflix Downgrade. UPDATE: Wells Fargo On Netflix Notes 'Our 2019-25E cumulative FCF is an outflow of $9.3bn vs the street at an inflow of $8.8bn – implying a too big to ignore $18bn gap'. UPDATE: Wells Fargo On Netflix Notes 'Thus far, SAC including content costs has not demonstrated meaningful cash operating leverage with NFLX still losing around $2/sub/mo (cash) despite >158mm subs'. UPDATE: Wells Fargo Downgrades Netflix To Underperform, Lowers Target To $265 As Firm Notes 'We think NFLX can achieve the street's sub growth expectations but those subs will be more expensive than investors realize'. Benzinga's Top Upgrades, Downgrades For November 25, 2019. Wells Fargo Downgrades Netflix On Spending Concerns. A Peek Into The Markets: US Stock Futures Signal Higher Start On Wall Street. Wells Fargo Downgrades Netflix to Underperform, Lowers Price Target to $265
NFLX closing price: 315.54998779296875