Netflix to stream WWE Raw in $5 billion bet on live events

Netflix (NFLX) PT Raised to $555 at Citi

January 25, 2024 8:15 AM EST

Citi analyst Jason Bazinet raised the price target on Netflix (NASDAQ: NFLX) to $555.00 (from $500.00) while maintaining a Neutral rating.

The analyst comments "Netflix reported 4Q23 revenue, operating income, and net additions above consensus. Along with the print, management guided 1Q24 revenue of $9.24 billion,... More

Netflix (NFLX) PT Raised to $610 at JPMorgan

January 24, 2024 5:34 AM EST

JPMorgan analyst Doug Anmuth raised the price target on Netflix (NASDAQ: NFLX) to $610.00 (from $510.00) while maintaining a Overweight rating.

The analyst comments "We believe the combination of NFLXs strong 4Q performance & elevated profit profile, scale of 260M households yet w/considerable headroom, & critical step into more diversified content through the partnership w/WWE suggests that... More

Netflix (NFLX) PT Raised to $600 at Guggenheim, 'The Show Goes On!'

January 24, 2024 4:29 AM EST

Guggenheim analyst Michael Morris raised the price target on Netflix (NASDAQ: NFLX) to $600.00 (from $500.00) while maintaining a Buy rating.

The analyst comments "Surprisingly strong 4Q member additions and bullish 2024 commentary re-ignited acceleration expectations as Netflix beat our/cons. estimates for member additions,... More

Netflix (NFLX) PT Raised to $700 at Pivotal Research, 'This is What Winning Looks Like'

January 24, 2024 4:28 AM EST

Pivotal Research analyst Jeffrey Wlodarczak raised the price target on Netflix (NASDAQ: NFLX) to $700.00 (from $600.00) while maintaining a Buy rating.

The analyst comments "NFLX reported a high quality 4Q across the board subscriber beat driven by core US and Euro markets despite material price hikes in key markets (U.S./U.K./France) implying the ability to generate strong subscriber growth AND take price/expand margins a powerful combo. 4Q revenue, EBITDA and free cash flow were all stronger than expected and NFLX guided to stronger than expected... More

Raymond James on Netflix (NFLX): 'expectations have risen to match execution, with shares remaining fairly valued'

January 24, 2024 4:26 AM EST

Raymond James analyst Andrew Marok reiterated a Market Perform rating on Netflix (NASDAQ: NFLX)

The analyst comments "Netflix reported 4Q net adds figures well in excess of consensus expectations, driven by broadbased strength at the top of the user funnel combined with solid... More

Netflix (NFLX) PT Raised to $550 at Piper Sandler, 'Impressive Results Paired with WWE Partnership'

January 24, 2024 4:24 AM EST

Piper Sandler analyst Thomas Champion raised the price target on Netflix (NASDAQ: NFLX) to $550.00 (from $475.00) while maintaining a Neutral rating.

The analyst comments "Once again, Netflix delivered a solid quarter, with nearly all metrics ahead of expectations. Q4 paid net adds (13.1 million)... More

Netflix (NFLX) PT Raised to $600 at Evercore ISI, 'results that were materially better than high expectations'

January 24, 2024 4:22 AM EST

Evercore ISI analyst Mark Mahaney raised the price target on Netflix (NASDAQ: NFLX) to $600.00 (from $500.00) while maintaining a Outperform rating.

The analyst comments "Our View: We reiterate our Outperform on NFLX and raise our PT to $600 in the wake of Q4 EPS results that were... More

JPMorgan First Response to Netflix (NFLX) Earnings: 'Solid numbers here'

January 23, 2024 4:25 PM EST

JPMorgan First Response to Netflix (NASDAQ: NFLX) Earnings: 'Solid numbers here'

The analyst comments "NFLX (+6% post mkt): Solid numbers here with Q4 net adds a massive beat (all regions ahead) and the guidance at least in line with buyside across the board. The Q1... More

Guggenheim on Netflix (NFLX): 'agreement is value enhancing for both parties'

January 23, 2024 11:31 AM EST

Guggenheim analyst Michael Morris reiterated a Buy rating and $500.00 price target on Netflix (NASDAQ: NFLX)

The analyst comments "Netflix is making its largest investment to date in live programming rights with a reported $5bn, 10-year agreement with TKO Group. The agreement most notably includes the domestic rights to flagship weekly... More

JPMorgan Desk Comments on Netflix (NFLX) : 'I’ve not had masses of directional feedback, but I think this should be taken positively'

January 23, 2024 9:07 AM EST

JPMorgan Desk Comments on Netflix (NASDAQ: NFLX)

The analyst comments "In addition to TKO announcing that Dwayne The Rock Johnson is joining the board (yes, his stock options were struck prior to today!), Netflix and TKO are also announcing that beginning in January 2025, Netflix will be the exclusive new home of Raw in the US, Canada, UK and Latam, among other territories, with additional countries and regions to be added over time. From the Netflix 8-K: The agreement has an initial 10-year... More

Wells Fargo on Netflix (NFLX): 'The inevitable question is "when will NFLX get into live sports?", but we think that's still years away'

January 23, 2024 9:03 AM EST

Wells Fargo analyst Steven Cahall reiterated an Overweight rating and $460.00 price target on Netflix (NASDAQ: NFLX)

The analyst comments "NFLX goes big in live. WWE and NFLX announced a long-term partnership for NFLX to be the exclusive home to Raw in UCAN, UK and LatAm from Jan'25. NFLX also looks be effectively taking over the role of WWE Network as the ex-US home for WWE shows + premium live events, incl. Smackdown, NXT, WrestleMania, Royal Rumble and SummerSlam. This marks a big move by NFLX into live entertainment, though not quite sports. Raw =... More

Endeavor Group (EDR) Trades Higher in Sympathy with TKO Group Holdings (TKO)

January 23, 2024 8:30 AM EST

Endeavor Group Holdings Inc. (NYSE: EDR) Trades Higher in Sympathy with TKO Group Holdings (NYSE: TKO)

TKO up 24% Following Pact with NetflixEDR Up +5.5%... More