Netflix shares surge premarket as subscriber growth soars

JPMorgan Comments on Apple (AAPL) Changes to EU Services Monetization

JPMorgan 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

Jefferies 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

Amazon (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

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

Goldman Sachs Previews Apple (AAPL) Earnings

Goldman 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

Morgan 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) Vision Pro the first step in a broader AI strategy for the iPhone maker - Wedbush

Wedbush analyst Dan Ives said in a note Wednesday that the Apple (NASDAQ: AAPL) Vision Pro was strong out of the gates, and it is the first step in a broader artificial intelligence strategy for the iPhone maker.

Ives, who has an Outperform rating and $250 price target on AAPL shares, said that around six months ago, the consensus view on the Street was that 70,000 to 80,000 would be the initial targets... More

Apple (AAPL) earnings to serve as a clearing event - Morgan Stanley

Ahead 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 $615 at Wedbush

Wedbush analyst Michael Pachter raised the price target on Netflix (NASDAQ: NFLX) to $615.00 (from $525.00) while maintaining a Outperform rating.... More

Netflix (NFLX) PT Raised to $554 at Rosenblatt

Rosenblatt analyst Barton Crockett raised the price target on Netflix (NASDAQ: NFLX) to $554.00 (from $404.00) while maintaining a Neutral rating.... More

Netflix (NFLX) PT Raised to $638 at BMO Capital

BMO Capital analyst Brian J. Pitz raised the price target on Netflix (NASDAQ: NFLX) to $638.00 (from $566.00) while maintaining a Outperform rating.... More

Netflix soars as earnings highlight dominance in 'streaming wars'

By Aditya Soni

(Reuters) -Netflix soared 11% on Wednesday as its blowout subscriber growth cemented investor confidence the firm has won the streaming wars with its password-sharing crackdown and a strong content slate.

The company said on Tuesday 13.1 million signed up for its service in the fourth quarter, marking its best growth since the start of the pandemic and handily beating estimates of 8.97 million subscribers.

The streaming pioneer's shares were trading at a more than two-year high. The company was set to increase its market value by more than $20... More

Netflix (NFLX) PT Raised to $610 at JPMorgan

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

Tesla to report, Netflix's strong subscriber sign-ups - what's moving markets

Investing.com -- U.S. futures edge up on Wednesday, pointing to ongoing momentum in a recent rally in equities. Tesla's (NASDAQ: TSLA) plans for a next-generation vehicle will be in the spotlight when the electric carmaker reports its latest results after the bell, while Netflix's (NASDAQ: NFLX) shares pop premarket after the streaming giant posts better-than-anticipated fourth-quarter subscriber sign-ups. Elsewhere, Donald Trump notches a key win in the New Hampshire Republican primary, putting him well on the way to securing the GOP's nod for... More

Macquarie Upgrades Netflix (NFLX) to Outperform, 'we think Netflix has now turned the corner'

(Updated - January 24, 2024 7:51 AM EST)

Macquarie analyst Tim Nollen upgraded Netflix (NASDAQ: NFLX) from Neutral to Outperform with a price target of $595.00 (from $410.00).

The analyst comments "We've written extensively on the upside potential for Netflix from its ad tier and... More

Netflix (NFLX) PT Raised to $650 at Wells Fargo, 'Still a growth stock'

Wells 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 $490 at Bernstein, 'We’re constructive'

(Updated - January 24, 2024 5:12 AM EST)

Bernstein analyst Laurent Yoon raised the price target on Netflix (NASDAQ: NFLX) to $490.00 (from $390.00) while maintaining a Market Perform rating.

The analyst comments "Well stay away from the wrestling puns. After delivering a strong 3Q... More

Netflix (NFLX) PT Raised to $600 at Baird, 'Encouraging Update'

(Updated - January 24, 2024 5:13 AM EST)

Baird analyst Vikram Kesavabhotla raised the price target on Netflix (NASDAQ: NFLX) to $600.00 (from $500.00) while maintaining a Outperform rating.

The analyst comments "4Q results came in above expectations across key metrics, with some of the drivers... More

Netflix (NFLX) PT Raised to $570 at UBS

UBS analyst John Hodulik raised the price target on Netflix (NASDAQ: NFLX) to $570.00 (from $560.00) while maintaining a Buy rating.... More

Netflix (NFLX) PT Raised to $610 at Redburn-Atlantic

Redburn-Atlantic analyst Hamilton Faber raised the price target on Netflix (NASDAQ: NFLX) to $610.00 (from $550.00) while maintaining a Buy rating.... More

Netflix (NFLX) PT Raised to $600 at Morgan Stanley

Morgan Stanley analyst Benjamin Swinburne raised the price target on Netflix (NASDAQ: NFLX) to $600.00 (from $550.00) while maintaining a Overweight rating.... More

Netflix (NFLX) PT Raised to $625 at Canaccord Genuity

Canaccord Genuity analyst Maria Ripps raised the price target on Netflix (NASDAQ: NFLX) to $625.00 (from $575.00) while maintaining a Buy rating.... More

Netflix (NFLX) PT Raised to $565 at Goldman Sachs

Goldman Sachs analyst Eric Sheridan raised the price target on Netflix (NASDAQ: NFLX) to $565.00 (from $500.00) while maintaining a Neutral rating.... More

Dollar retreats from highs as risk appetite improves; euro edges up after PMIs

Investing.com - The U.S. dollar retreated from six-week highs in early European trade Wednesday amid rising risk appetite, while the euro struggled to push higher ahead of this weeks European Central Bank policy meeting.

At 04:00 ET (09:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.3% lower at 103.107, not far below the highest level since early December at 103.82, reached in the previous session.

Positive corporate earnings, from streaming giant Netflix... More

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

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'

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'

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'

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'

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

Netflix (NFLX) PT Raised to $475 at Barclays

Barclays analyst Kannan Venkateshwar raised the price target on Netflix (NASDAQ: NFLX) to $475.00 (from $375.00) while maintaining a Equalweight rating.... More

Netflix (NFLX) PT Raised to $580 at KeyBanc

KeyBanc analyst Justin Patterson raised the price target on Netflix (NASDAQ: NFLX) to $580.00 (from $545.00) while maintaining a Overweight rating.... More

Netflix (NFLX) PT Raised to $600 at Evercore ISI

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

Deutsche Bank Downgrades Netflix (NFLX) to Hold, 'Still A Great Media Story, But We See It As Priced In'

(Updated - January 24, 2024 4:30 AM EST)

Deutsche Bank analyst Bryan Kraft downgraded Netflix (NASDAQ: NFLX) from Buy to Hold with a price target of $525.00 (from $460.00).

The analyst comments "We are lowering our rating to Hold, from Buy, and raising our PT to $525, from $460, driven by our higher earnings and FCF estimates, as well as time-
value-of-money appreciation since our... More

Netflix (NFLX) PT Raised to $650 at BofA Securities

(Updated - January 24, 2024 5:16 AM EST)

BofA Securities analyst Jessica Reif Ehrlich raised the price target on Netflix (NASDAQ: NFLX) to $650.00 (from $585.00) while maintaining a Buy rating.

The analyst comments "Netflix reported very strong 4Q results including the largest 4Q net adds ever of 13.1mn... More

After-hours movers: Netflix surges, Texas Instruments falls, and more

After-Hours Stock Movers:

Netflix (NASDAQ: NFLX) shares rose 7% after it reported fourth quarter results and issued guidance for the first quarter of 2024. Netflix missed consensus EPS estimates for the fourth quarter but revenue beat, and importantly it added more... More

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

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

Netflix (NFLX) Extends Gain, Now Up 7% Follow Strong Subscriber Numbers and Q1 EPS Guidance

Netflix (NASDAQ: NFLX) Extends Gain, Now Up 7% Follow Strong Subscriber Numbers and Q1 EPS Guidance