Netflix falls as benefits from password-sharing crackdown to take time
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Increased confidence in management fuels Baird to upgrade Netflix (NFLX) stock
July 24, 2023 5:43 AM EDTBaird analyst Vikram Kesavabhotla upgraded Netflix (NASDAQ: NFLX) shares to Outperform with a price target hiked by $160 to $500 per share.
The rating change is fueled by Bairds increased confidence in the company's execution, with a special focus on new initiatives like advertising and paid sharing. Kesavabhotla flags 5 reasons why he is more confident in Netflixs... More
Netflix (NFLX) PT Raised to $400 at Rosenblatt, 'expectations need to be kept within bounds'
July 20, 2023 7:07 AM EDTRosenblatt analyst Barton Crockett raised the price target on Netflix (NASDAQ: NFLX) to $400.00 (from $358.00) while maintaining a Neutral rating.
The analyst comments "Improved operating margin and repurchase push our price target up 12% to $400, within 10% of the after-hours down 8%. Netflix is a solid company,... More
Truist Securities on Netflix (NFLX): 'Bull case likely unchanged'
July 20, 2023 6:38 AM EDTTruist Securities analyst Matthew Thornton reiterated a Hold rating and $339.00 price target on Netflix (NASDAQ: NFLX)
The analyst comments "S: Members ahead driven by password sharing (greater/earlier impact, not sure changes ultimate benefit/run-rate), undermined by slightly disappointing ARPU (discussed below), with full-year margin... More
Netflix (NFLX) PT Raised to $505 at JPMorgan
July 20, 2023 6:32 AM EDTJPMorgan analyst Doug Anmuth raised the price target on Netflix (NASDAQ: NFLX) to $505.00 (from $495.00) while maintaining a Overweight rating.
The analyst comments "Coming out of 2Q earnings theres no change to our positive thesis on NFLX, and we would buy the pullback in shares. Yes, the company is monetizing Paid Sharing a bit slower than we expected w/only slight revenue... More
