Netflix (NFLX) Beats Estimates but Shares Slip on Conservative 4Q Net Adds Outlook, Analysts Mostly Positive and Raise Price Targets; Deutsche Bank Downgrades to Hold

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Netflix (NFLX) PT Raised to $615 at Macquarie

October 20, 2021 8:58 AM EDT

Macquarie analyst Tim Nollen raised the price target on Netflix (NASDAQ: NFLX) to $615.00 (from $545.00) while maintaining a Neutral rating.

... More

Netflix (NFLX) PT Raised to $750 at Oppenheimer

October 20, 2021 8:15 AM EDT

Oppenheimer analyst Jed Kelly raised the price target on Netflix (NASDAQ: NFLX) to $750.00 (from $620.00) while maintaining an Outperform rating.

The analyst commented, "We raise our NFLX PT to $750 from $620 and maintain our Outperform rating on subscriber trends inflecting on a strong 2H slate. We... More

Netflix (NFLX) PT Raised to $750 at Canaccord Genuity

October 20, 2021 7:20 AM EDT

Canaccord Genuity analyst Maria Ripps raised the price target on Netflix (NASDAQ: NFLX) to $750.00 (from $650.00) while maintaining a Buy rating.

The analyst commented, "Netflix reported strong Q3 results as subscriber growth came in above expectations thanks to an improved content slate (particularly in the APAC & EMEA regions), while operating margin was also well ahead of... More

Netflix (NFLX) PT Raised to $800 at Wells Fargo

October 20, 2021 6:27 AM EDT

Wells Fargo analyst Steven Cahall raised the price target on Netflix (NASDAQ: NFLX) to $800.00 (from $700.00) while maintaining a Overweight rating.... More

UPDATE: Deutsche Bank Downgrades Netflix (NFLX) to Hold

October 20, 2021 6:12 AM EDT

(Updated - October 20, 2021 6:23 AM EDT)

Deutsche Bank analyst Bryan Kraft downgraded Netflix (NASDAQ: NFLX) from Buy to Hold with a price target of $590.00.

The analyst comments "Following Netflix's slightly better-than-expected third quarter results; our 2021 and 2022 subscriber, revenue, EBITDA, and EBIT forecasts are... More

Netflix (NFLX) PT Raised to $750 at Cowen

October 20, 2021 5:48 AM EDT

Cowen analyst John Blackledge raised the price target on Netflix (NASDAQ: NFLX) to $750.00 (from $650.00) while maintaining a Outperform rating.... More

Netflix (NFLX) PT Raised to $706 at Wolfe Research

October 20, 2021 5:44 AM EDT

Wolfe Research analyst John Janedis raised the price target on Netflix (NASDAQ: NFLX) to $706.00 (from $625.00) while maintaining a Outperform rating.... More

Netflix (NFLX) PT Raised to $750 at BofA Securities

October 20, 2021 5:41 AM EDT

BofA Securities analyst Nat Schindler raised the price target on Netflix (NASDAQ: NFLX) to $750.00 (from $680.00) while maintaining a Buy rating.... More

UPDATE: Netflix (NFLX) PT Raised to $675 at Barclays

October 20, 2021 4:42 AM EDT

(Updated - October 20, 2021 4:43 AM EDT)

Barclays analyst Kannan Venkateshwar raised the price target on Netflix (NASDAQ: NFLX) to $675.00 (from $625.00) while maintaining a Overweight rating.

The analyst comments "Netflixs north star a few years ago was to be HBO before... More

Netflix (NFLX) PT Raised to $690 at KeyBanc

October 20, 2021 4:41 AM EDT

KeyBanc analyst Justin Patterson raised the price target on Netflix (NASDAQ: NFLX) to $690.00 (from $670.00) while maintaining a Overweight rating.... More

UPDATE: Netflix (NFLX) PT Raised to $710 at Evercore ISI, 'Green Light!', Could Trade $900 Inside Three Years

October 20, 2021 4:34 AM EDT

(Updated - October 20, 2021 4:35 AM EDT)

Evercore ISI analyst Mark Mahaney raised the price target on Netflix (NASDAQ: NFLX) to $710.00 (from $695.00) while maintaining a Outperform rating.

The analyst comments "This was a solid report card against very elevated expectations, and we came away incrementally more constructive on the... More

Netflix (NFLX) PT Raised to $700 at Morgan Stanley

October 20, 2021 4:04 AM EDT

Morgan Stanley analyst Benjamin Swinburne raised the price target on Netflix (NASDAQ: NFLX) to $700.00 (from $675.00) while maintaining a Overweight rating.... More

Netflix (NFLX) Q3, Q4 Subscriber Guidance Beats on 'Squid Game' Success

October 19, 2021 4:35 PM EDT

Netflix (NASDAQ: NFLX) third-quarter financial results beat on the bottom-line but were in-line on the top-line. However, subscriber numbers beat for the current quarter and were guided above the Street for the fourth quarter in part on the success of "Squid Game."

The... More

Netflix (NFLX) Said 'Squid Game' Seen By 142 Million Households in First 4 Weeks

October 19, 2021 4:18 PM EDT

With its third-quarter earnings, Netflix (NASDAQ: NFLX) said its show Squid Game was seen by 142 million households in its first four weeks.

"Squid Game, a unique Korean story that first captured the zeitgeist in Korea and then globally. Released on... More