Morgan Stanley Upgrades Netflix (NFLX) to Overweight, 'removing some added uncertainty'

Netflix stock extends rally as Morgan Stanley, other brokers raise ratings

October 19, 2023 9:16 AM EDT

Netflix (NASDAQ: NFLX) stock rose nearly 16% in early Thursday trade after the company reported better-than-expected results for its third quarter.

Better-than-expected subscriber growth has fueled a rally in shares, which was also supported by at least 3 analyst upgrades.

A favorable content slate,... More

Tesla, Foot Locker, Canada Goose fall premarket; Netflix rises

October 19, 2023 8:25 AM EDT

Investing.com -- U.S. futures steadied Thursday after the previous sessions losses, as investors awaited a key speech from Fed chair Jerome Powell for clues towards future monetary policy.

Here are some of the biggest premarket U.S. stock movers today:

Tesla (NASDAQ: TSLA) stock fell 7% after the EV manufacturer disappointed with its quarterly results as its recent wave of electric vehicle price cuts weighed on margins, raising... More

Truist Securities Upgrades Netflix (NFLX) to Buy, 'Better Than Expected Margin Outlook'

October 19, 2023 7:56 AM EDT

(Updated - October 19, 2023 7:57 AM EDT)

Truist Securities analyst Matthew Thornton upgraded Netflix (NASDAQ: NFLX) from Hold to Buy with a price target of $465.00 (from $430.00).

The analyst comments "Upgrade To Buy Post Recent Pullback And Better Than Expected Margin Outlook. We discussed an improved risk-reward/valuation in our recent preview. Incrementally, we are positive on NFLX... More

Netflix (NFLX) PT Raised to $390 at MoffettNathanson

October 19, 2023 7:40 AM EDT

MoffettNathanson analyst Michael Nathanson raised the price target on Netflix (NASDAQ: NFLX) to $390.00 (from $330.00) while maintaining a Neutral rating.... More

Netflix (NFLX) PT Raised to $404 at Rosenblatt

October 19, 2023 7:08 AM EDT

Rosenblatt analyst Barton Crockett raised the price target on Netflix (NASDAQ: NFLX) to $404.00 (from $400.00) while maintaining a Neutral rating.... More

Stocks expected to have increasing option volume: NFLX TSLA LVS ZION EFX MRO DVN

October 19, 2023 5:35 AM EDT

Stocks expected to have increasing option volume: NFLX TSLA LVS ZION EFX MRO DVN

... More

Netflix (NFLX) PT Raised to $475 at Oppenheimer

October 19, 2023 5:14 AM EDT

Oppenheimer analyst Jason Helfstein raised the price target on Netflix (NASDAQ: NFLX) to $475.00 (from $470.00) while maintaining a Outperform rating.... More

Powell's speech, Netflix, Tesla earnings - what's moving markets

October 19, 2023 5:03 AM EDT

Investing.com -- Fed chair Jerome Powell is set to speak later in the session, while Wall Street indices are set to open lower after bond yields rose to record levels.The earnings season continues in full flow, with Netflix and Tesla in the spotlight after releasing results after Wednesday's close.

1. Powells speech in the spotlight  

Jerome Powell is set to hold the spotlight Thursday, as the Federal Reserve chairman speaks at the Economic Club of New York later in the session, with... More

Netflix (NFLX) PT Raised to $480 at JPMorgan

October 19, 2023 3:42 AM EDT

JPMorgan analyst Doug Anmuth raised the price target on Netflix (NASDAQ: NFLX) to $480.00 (from $455.00) while maintaining a Overweight rating.... More

KeyBanc Upgrades Netflix (NFLX) to Overweight, 'Has More Levers to Grow in 2024'

October 19, 2023 3:34 AM EDT

(Updated - October 19, 2023 3:59 AM EDT)

KeyBanc analyst Justin Patterson upgraded Netflix (NASDAQ: NFLX) from Sector Weight to Overweight with a price target of $510.00.

The analyst comments "We are upgrading NFLX from Sector Weight to Overweight with a $510 price... More

Netflix (NFLX) PT Lowered to $460 at Deutsche Bank

October 19, 2023 3:22 AM EDT

Deutsche Bank analyst Bryan Kraft lowered the price target on Netflix (NASDAQ: NFLX) to $460.00 (from $485.00) while maintaining a Buy rating.... More

After-hours movers: Netflix surges on strong subscribers, Lam Research falls following results

October 18, 2023 5:33 PM EDT

After-Hours Stock Movers:

Netflix (NASDAQ: NFLX) 13% HIGHER; reported Q3 EPS of $3.73, $0.24 better than the analyst estimate of $3.49. Revenue for the quarter came in at $8.54 billion versus the consensus estimate of $8.54 billion. The company added 8.76 million Global Streaming Paid Memberships, versus the consensus of 6.2 million. In addition, the company... More

Netflix (NFLX) raises buyback plan by $10 billion

October 18, 2023 4:57 PM EDT

With earnings, Netflix (NASDAQ: NFLX) announced it raised its buyback authorization by $10 billion.

From the company: "Consistent with our policy to return excess cash above our minimum cash requirement , we repurchased 7 $2.5B of our stock (or 6M shares) under our original $5B... More

Goldman Sachs on Netflix (NFLX) Earnings: 'We expect the market to have a positive reaction'

October 18, 2023 4:46 PM EDT

Goldman Sachs analyst Eric Sheridan reiterated a Neutral rating and $390.00 price target on Netflix (NASDAQ: NFLX)

The analyst comments "We expect the market to have a positive reaction to Netflixs Q3 23 earnings report on the back of strong results in terms of both subscriber net addition performance (continued execution against the subscriber password initiatives, the scaling of ad supported... More

Netflix jumps 14% after surge in third quarter subscribers; Earns analyst upgrade

October 18, 2023 4:33 PM EDT

(Updated - October 19, 2023 5:39 AM EDT)

Investing.com -- Netflix (NASDAQ: NFLX) shares jumped more than 13.5% in pre-market Thursday trading after it handily beat profit expectations as subscriber numbers rose.

The streaming giant reported earnings per share of $3.73 on revenue of $8.54 billion. Analysts expected EPS of $3.49 and revenue of $8.54 billion. The third quarter results beat Netflixs previous guidance.

The company said paid subscribers rose 8.76 million in the third quarter,... More

Netflix (NFLX) said it will be raising prices starting today

October 18, 2023 4:11 PM EDT

With earnings, Netflix (NASDAQ: NFLX) said it will be raising prices starting today:

"While we mostly paused price increases as we rolled out paid sharing, our overall approach remains the same a range of prices and plans to meet a... More

Netflix raises prices and adds subscribers, despite strikes

October 18, 2023 4:09 PM EDT

By Lisa Richwine and Dawn Chmielewski

LOS ANGELES (Reuters) -Netflix increased subscription prices for some streaming plans in the United States, Britain and France on Wednesday as it shattered expectations for new customers, sending its shares surging 13%.

Almost 9 million subscribers joined Netflix around the globe in the third quarter, surpassing Wall Street analysts' forecast for 6 million, according to LSEG. Netflix said it expected a similar number of additions in the current quarter.

The strong performance showed Netflix was thriving despite Hollywood labor tensions that shut down a large swath of U.S. production. Netflix... More

Netflix (NFLX) gains 8% immediately following results:

October 18, 2023 4:03 PM EDT

Netflix (NASDAQ: NFLX) gains 8% immediately following results:

reported Q3 EPS of $3.73, $0.24 better than the analyst estimate of $3.49. Revenue for the quarter came in at $8.54 billion versus the consensus estimate of $8.54 billion.The company added 8.76 million Global Streaming Paid Memberships, versus the consensus of 6.2 million.guidance relatively in-line... More

Netflix (NFLX) Tops Q3 EPS by 24c; Subs Beat

October 18, 2023 4:01 PM EDT

Netflix (NASDAQ: NFLX) reported Q3 EPS of $3.73, $0.24 better than the analyst estimate of $3.49. Revenue for the quarter came in at $8.54 billion versus the consensus estimate of $8.54 billion.

The company added 8.76 million Global Streaming Paid Memberships, versus the consensus of 6.2... More

Netflix (NFLX) Q3 Streaming Paid Net Change +8.76M, Est. +6.20M

October 18, 2023 4:00 PM EDT

Netflix (NFLX) Q3 Streaming Paid Net Change +8.76M, Est. +6.20M

... More

S&P 500 falls as Nvidia drives tech lower ahead of Tesla, Netflix results

October 18, 2023 3:37 PM EDT

Investing.com -- The S&P 500 fell Wednesday as Nvidia continued to weigh on tech for a second-straight day ahead of quarterly results from Netflix (NASDAQ: NFLX) and Tesla (NASDAQ: TSLA) after markets close. 

The Nasdaq fell 1.5%, and the S&P 500 fell 1.2%, and the Dow Jones Industrial Average rose 0.8% or 268 points.

Morgan Stanley closes out big bank earnings with a beat, but investment banking, wealth management units disappoint

Morgan Stanley... More

Active options: GOOGL PLTR NKLA UAL CCL LCID AAL NFLX RIVN XOM AMC

October 18, 2023 1:54 PM EDT

Active options: GOOGL PLTR NKLA UAL CCL LCID AAL NFLX RIVN XOM AMC

... More

Netflix (NFLX) call put ratio 1 call to 1.1 puts as share price down 2% into quarter results

October 18, 2023 1:51 PM EDT

Netflix (NASDAQ: NFLX) October call option implied volatility is at 135, November is at 48; compared to its 52-week range of 31 to 81 into the expected release of quarter results today after the bell.

... More

Netflix (NFLX) October option implied volatility into quarter results

October 18, 2023 10:54 AM EDT

Netflix (NASDAQ: NFLX) October call option implied volatility is at 110, November is at 48; compared to its 52-week range of 31 to 81 into the expected release of quarter results today after the bell.

... More

Gaza update, Chinese GDP, Netflix earnings - what's moving markets

October 18, 2023 5:16 AM EDT

Investing.com -- U.S. President Joe Biden heads to Israel, while crude prices soared as a missile explosion on a Gaza hospital esclated tensions in the Middle East. The earnings season continues with numbers from Netflix and Tesla, while Chinese GDP expanded by more than expected in the third quarter.

1. Biden heads to Israel

U.S. President Joe Biden flies to Israel on Wednesday in an attempt to soothe heightened tensions in the region after a missile strike on a Gaza hospital killed hundreds of Palestinians.

... More

Netflix (NFLX) October 355 straddle into quarter results

October 18, 2023 5:14 AM EDT

Netflix (NASDAQ: NFLX) October 355 straddle is priced for a move of 9.5% into the expected release of quarter results today after the bell.

... More

Morgan Stanley earnings, P&G reports, Tesla: 3 things to watch

October 17, 2023 3:53 PM EDT

Investing.com -- Stocks wobbled on Tuesday, heading lower with less than 30 minutes left in the trading session as investors weighed stronger than expected retail sales, the escalating conflict in the Middle East, and corporate earnings reports.

Treasury yields were rising as investors took some risk off the table, with the 10-year going above 4.80%. The Federal Reserve, which has been expected to hold interest rates steady when it meets next month, will be weighing the data to help... More

Netflix (NFLX) October option implied volatility into quarter results

October 17, 2023 10:28 AM EDT

Netflix (NASDAQ: NFLX) October call option implied volatility is at 110, November is at 48; compared to its 52-week range of 31 to 81 into the expected release of quarter results after the bell on October 18.

... More

Netflix (NFLX) PT Lowered to $430 at Truist Securities

October 17, 2023 7:19 AM EDT

Truist Securities analyst Matthew Thornton lowered the price target on Netflix (NASDAQ: NFLX) to $430.00 (from $485.00) while maintaining a Hold rating.... More