Netflix, WWE ink long-term partnership worth over $5 billion
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JPMorgan Comments on Apple (AAPL) Changes to EU Services Monetization
January 25, 2024 4:42 PM ESTJPMorgan analyst William Yang reiterated an Overweight rating on Apple (NASDAQ: AAPL).
The analyst comments "Apple will enable alternative app stores for consumers to download apps, and the ability to use alternative payment systems starting March of this year. Apple is charging a lower commission rate in the range of 10% to 17% (vs. prior rates of 15% to 30%) for apps sold through the... More
Amazon (AMZN) target lifted as 'harvest mode' expected to support stock outperformance - Jefferies
January 25, 2024 10:31 AM ESTJefferies analyst Brent Thill raised the firm's price target for Amazon (NASDAQ: AMZN) to $190 from $175 per share in a note Thursday, maintaining a Buy rating on the stock.
Thill told investors that the recent layoffs signal to them that AMZN is committed to "Harvest Mode" as they continue to... More
Amazon (AMZN) shutting down UK insurance store following internal review
January 25, 2024 9:31 AM ESTAmazon (NASDAQ: AMZN) announced this week that it will be closing its UK insurance store around 15 months after it first launched.
The decision follows an internal review. The Amazon Insurance Store was opened for UK customers as a way to shop... More
Netflix (NFLX) PT Raised to $555 at Citi
January 25, 2024 8:15 AM ESTCiti 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
Goldman Sachs Previews Apple (AAPL) Earnings
January 25, 2024 4:43 AM ESTGoldman Sachs analyst Michael Ng reiterated a Conviction Buy rating and $223.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "We expect AAPL to deliver relatively in-line results for F1Q24 with EPS of $2.10 (v. FactSet consensus of $2.10) and revenue of $117.4 bn (v. consensus of $118.1 bn). Services revenue should grow 11% yoy (including a ~7pp... More
Amazon (AMZN) and these 7 stocks are high-conviction earnings calls at Morgan Stanley
January 24, 2024 3:00 PM ESTMorgan Stanley sees Amazon (NASDAQ: AMZN) and seven other stocks as high-conviction upside earnings calls, analyst Michelle Weaver revealed in a note to clients this week.
According to the investment bank, the 4Q results of Amazon, alongside BellRing Brands (NYSE: BRBR), Cboe Global Markets (NYSE: CBOE), IDEXX Labs (NASDAQ: IDXX), NOV Inc (NYSE: NOV), SBA Communications (NASDAQ: SBAC), Tenable... More
Apple (AAPL) earnings to serve as a clearing event - Morgan Stanley
January 24, 2024 7:58 AM ESTAhead of Apple's (NASDAQ: AAPL) earnings release at the beginning of February, Morgan Stanley analyst Erik Woodring said they expect the release "to serve as a clearing event."
This will allow investors to refocus on the FY25 'Edge AI' opportunity and margin/Services... More
Netflix (NFLX) PT Raised to $610 at JPMorgan
January 24, 2024 5:34 AM ESTJPMorgan 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 $650 at Wells Fargo, 'Still a growth stock'
January 24, 2024 5:07 AM ESTWells Fargo analyst Steven Cahall raised the price target on Netflix (NASDAQ: NFLX) to $650.00 (from $460.00) while maintaining a Overweight rating.
The analyst comments "Still a growth stock. We see the long-term growth algo as: HSD%/LDD% topline, at least +250bps op... More
Netflix (NFLX) PT Raised to $600 at Guggenheim, 'The Show Goes On!'
January 24, 2024 4:29 AM ESTGuggenheim 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 ESTPivotal 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 ESTRaymond 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 ESTPiper 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 ESTEvercore 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 ESTJPMorgan 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 ESTGuggenheim 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
