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Ad-tier and paid sharing helped Netflix (NFLX) outperform since July
December 19, 2022 10:27 AM ESTMorgan Stanley analyst Benjamin Swinburne raised the firm's price target on Netflix (NASDAQ: NFLX) to $275 from $250 per share, telling investors in a note that the launch and potential of the ad-tier and paid sharing have helped Netflix shares nicely outperform since July.
The... More
Volkswagen investors return to criticizing CEO’s dual roles
December 16, 2022 2:14 PM ESTVolkswagen investors return to criticizing CEO Oliver Blume's dual roles on Friday even after the company approved a roughly 9.6 billion euro ($10.2 billion) special dividend following the listing of Porsche AG.
Blume became CEO of the company in September but has continued as CEO of luxury brand Porsche even after... More
Tesla (TSLA) launches virtual power plant program 'Tesla Electric'
December 16, 2022 11:39 AM ESTElectric vehicle maker, Tesla (NASDAQ: TSLA) recently launched a virtual power plant (VPP) program called Tesla Electric, where customers can sell electricity automatically from their Powerwall back to the grid. The program is currently only operating in Texas, and only select customers are invited to join.
Its a special electric plan for Powerwall owners. Tesla writes about its new product on its website: Solar and Powerwall can help you and your community accelerate the transition to sustainable energy. With Tesla Electric, your Powerwall automatically... More
Netflix (NFLX) PT Raised to $225 at Benchmark, Stays Sell, 'We remain cautious'
December 16, 2022 6:40 AM ESTBenchmark analyst Matthew Harrigan raised the price target on Netflix (NASDAQ: NFLX) to $225.00 (from $162.00) while maintaining a Sell rating.
The analyst comments "We maintain our Sell rating while increasing our price target to $225. This is versus a prior, overly bearish $162, largely... More
Netflix (NFLX) falling short on ad targets 'not a surprise' - Macquarie
December 15, 2022 1:34 PM ESTMacquarie analyst Tim Nollen weighed in on Netflix (NASDAQ: NFLX) following reports the company is missing its viewership guarantees by as much as 20% and is returning cash to advertisers. Nollen said this should not be a surprise given how little Netflix has promoted the tier and, hence, converted subs.
The analyst commented, "We... More
