Cowen Lowers Netflix (NFLX) U.S. Subscriber Forecasts Ahead of Q3 Results

In his Q3 Netflix (NASDAQ: NFLX) preview, Cowen analyst John Blackledge lowered 3Q16 U.S. subscriber estimates to +130K net paid subscriber additions, citing their proprietary survey data that suggests the pricing increase is likely impacting US subscriber growth.

The firm also lowered U.S. 4Q16 subscriber estimates slightly, but notes the X1 launch could help drive US sub growth above current estimates.

The firm is leaving Q3 and Q4 international subscriber estimates intact.

The firm maintained an Outperform rating and price target of $110 on NFLX.

For an analyst ratings summary and ratings history on Netflix click here. For more ratings news on Netflix click here.

Shares of Netflix closed at $103.33 yesterday.

You May Also Be Interested In

• Jefferies Downgrades Calix (CALX) to Hold
• Meta Platforms Inc. (META) PT Lowered to $550 at Stifel, 'Solid Today, Investing for Tomorrow'
• Meta Platforms Inc. (META) PT Lowered to $520 at Barclays, “Investment Cycle With No Revenue”