Netflix (NFLX) Lower as Amazon (AMZN) Offers Prime Video as Standalone Service
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April 19, 2016 9:16 AM EDT
Nomura Securities maintained a Buy rating on Netflix (NASDAQ: NFLX), and cut the price target to $125.00 (from $130.00), following the company's 1Q earnings report. Netflixs 2Q15 launch in Australia-New Zealand (ANZ) was a significant driver of that quarters outsized international subscriber growth; as a result,... More
April 19, 2016 8:52 AM EDT
Oppenheimer maintained an Outperform rating on Netflix (NASDAQ: NFLX), and cut the price target to $123.00 (from $140.00), folowing the company's 1Q earnings report. Management's 2Q guidance suggests potential for slower than expected international sub growth. Also, churn risk from US price hike has been shifted to... More
April 19, 2016 7:46 AM EDT
Piper Jaffray maintained an Overweight rating and $122.00 price target on Netflix (NASDAQ: NFLX) following the company's 1Q earnings report. NFLIX reported EPS and revenue of $0.06 on $1.96B vs. consensus at $0.04 on $1.97B. The company guided for Q2'16 domestic streaming sub adds of 500k (Street at 586K) and Q2 2016... More
April 18, 2016 1:26 PM EDT
Macquarie analyst Ben Schachter reiterated an Outperform rating and $725 price target on Amazon.com (NASDAQ: AMZN) after the company launched monthly Prime subscriptions at $10.99/month for full access to Prime, and $8.99/month for video only.
Schachter commented, "Given our view that Amazon Prime is somewhat... More
