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Canaccord Genuity Cuts Price Target on Netflix (NFLX) to $115 Following 2Q Report
July 19, 2016 10:30 AM EDTCanaccord 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
July 19, 2016 10:01 AM EDTOppenheimer 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
July 19, 2016 9:37 AM EDTNeedham & 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
Cowen Trims PT on Netflix (NFLX) to $110 Following Q2 Results, Outlook; Affirms at 'Outperform'
July 19, 2016 6:20 AM EDTCowen 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
