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

January supply chain checks favor these chip stocks

Key Bank recently conducted its quarterly supply chain check, providing insights into the current state of various tech markets. The findings present a mixed picture, with both positive and negative trends across different segments.

In the face of a challenging environment, widespread end-demand trends continue to exhibit weakness. The automotive and industrial markets are grappling with inventory destocking, contributing to an overall subdued demand. Key Bank's analysis reveals that the PC market remains stagnant, while Android smartphones are managing to sustain demand. On the flip side, iPhones are encountering... 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

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

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 $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

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

Netflix shares surge premarket as subscriber growth soars

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

Investing.com -- Netflix (NASDAQ: NFLX) shares surged in premarket U.S. trading on Wednesday after a slate of popular programming helped the streaming giant add far more paying subscribers in the fourth quarter than Wall Street had expected.

The company signed up a robust 13.12 million users during the three months ended on Dec. 31, a 71% surge compared to the year-ago period and markedly above analyst estimates of about 8.9 million, as viewers tuned in for the series finale of "The Crown" and "Squid Game: The Challenge",... More

Netflix (NFLX) Misses Q4 EPS by 10c, Guidance Beats

Netflix (NASDAQ: NFLX) reported Q4 EPS of $2.11, $0.10 worse than the analyst estimate of $2.21. Revenue for the quarter came in at $8.83 billion versus the consensus estimate of $8.72 billion.

Paid net adds were 13.1 million versus the consensus of 8.91 million.

GUIDANCE:

Netflix... More