Netflix Releases Second-Quarter 2016 Financial Results

Canaccord Genuity Cuts Price Target on Netflix (NFLX) to $115 Following 2Q Report

Canaccord Genuity maintained a Buy rating on Netflix (NASDAQ: NFLX), and cut the price target to $115.00 (from $120.00), following the company's 2Q earnings report. Total domestic net adds came in at 160k, substantially below the 500k guidance. International net adds missed as well,... More

Oppenheimer Cuts Price Target on Netflix (NFLX) to $114; Reiterates Outperform

Oppenheimer maintained an Outperform rating on Netflix (NASDAQ: NFLX), and cut the price target to $114.00 (from $123.00), following the company's 2Q earnings report. Revenue was largely in-line as US streaming revenue continued to outpace expenses. However both US and international streaming net adds came in below... More

Needham & Company Reiterates Hold on Netflix (NFLX) Following Sub Miss

Needham & Company reiterated a Hold rating on Netflix (NASDAQ: NFLX) following the company's 2Q report. NFLX reported a Sub miss with 46.0mm paid streaming subscribers in the U.S, and 33.9mm international subs, below guidance of 46.4mm in the U.S. and 34.3mm abroad.... More

Netflix (NFLX) Estimates Cut at Credit Suisse Post Q2; PT to $122

Credit Suisse analyst S. Ju reiterated an Neutral rating but bumped its price target on Netflix (NASDAQ: NFLX) to $122.00 (from $119.00) following disappointing Q2 results.

Ju commented, "ting un-grandfathering in the US, as well as larger International markets, and the upcoming Olympics, Netflix provided... More

Netflix (NFLX) PT Cut to $130 at RBC Capital Following 'Clearly Disappointing' Q2

RBC Capital analyst Mark Mahaney maintained an Outperform rating but lowered his price target on Netflix (NASDAQ: NFLX) to $130.00 (from $140.00) following "clearly disappointing" Q2 results. Subs missed across the board, with price-increase pushback a key factor, the analyst noted.

Mahaney commented, "Netflix is citing significant publicity around its... More

Netflix (NFLX) PT Lowered to $76 at Jefferies; Un-Grandfathering Boosts Churn

Jefferies analyst John Janedis reiterated an Underperform rating and cut his price target on Netflix (NASDAQ: NFLX) to $76.00 (from $80.00) as price increase drive churn.

Janedis commented, "Management highlighted that the onset of the 'un-grandfathering' process in April contributed to lighter-than-expected... More

Piper Jaffray Maintains Bullish View on Netflix (NFLX) Despite U.S. & Intl Subs Miss

Piper Jaffray analyst Michael Olson reiterated an Overweight rating and $122 price target on Netflix (NASDAQ: NFLX) following Q2 results which included a miss on U.S. and Intl subs.

Olson commented, "Netflix reported 1.7M Q2 sub adds, with both domestic and international... More

Netflix (NFLX) PT Cut to $110 at Nomura

Nomura Securities analyst Anthony DiClemente cut his price target on Netflix (NASDAQ: NFLX) to $110.00 (from $115.00) following results but maintained a Buy rating following disappointing results.

DiClemente commented, "Most Netflix investors pay a premium multiple for its outsized growth. While most tech... More

Cowen Trims PT on Netflix (NFLX) to $110 Following Q2 Results, Outlook; Affirms at 'Outperform'

Cowen and Company trims its price target on Outperform-rated Netflix (NASDAQ: NFLX) from $130 down to $110 following Q2 results on Monday night.

Analyst John Blackledge commented today, NFLX's 2Q16 US and Int'l sub adds were below guide and our/consensus estimates due to higher churn from pricing increases, while gross sub add growth was in line with mgmt.... More