Gloomy Netflix forecast erases much of stock's pandemic gains

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Go back to Gloomy Netflix forecast erases much of stock's pandemic gains

Netflix (NFLX) PT Lowered to $555 at Guggenheim

January 21, 2022 8:22 AM EST

Guggenheim analyst Michael Morris lowered the price target on Netflix (NASDAQ: NFLX) to $555.00 (from $720.00) while maintaining a Buy rating following results and weak subscriber guidance.

The analyst commented, "Well-below consensus 1Q22 member add guidance (2.5mm versus preconsensus 5.9mm) headlined a relatively... More

Netflix (NFLX) Stock Tanks 19% on Paid Net Additions Miss & Lower Guidance

January 20, 2022 4:40 PM EST

Netflix (NASDAQ: NFLX) shares were trading around 19% lower after-hours following the companys reported Q4 results. While the quarterly EPS come in at $1.33 (vs. Streets $0.82) and revenue at $7.71 billion (vs. Streets $7.72 billion), global streaming paid net additions were 8.28 million, missing the companys 8.5 million... More