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

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 $650 at Wells Fargo, 'Still a growth stock'

January 24, 2024 5:07 AM EST

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!'

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 $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

Netflix (NFLX) PT Raised to $475 at Barclays

January 24, 2024 3:19 AM EST

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

January 24, 2024 2:44 AM EST

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

January 24, 2024 2:36 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.... More

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

January 24, 2024 2:19 AM EST

(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

January 24, 2024 12:51 AM EST

(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

January 23, 2024 4:44 PM EST

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'

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

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

January 23, 2024 4:21 PM EST

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

Q4 Results were Mixed
... More

Netflix shares surge premarket as subscriber growth soars

January 23, 2024 4:13 PM EST

(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 hits fourth-quarter subscriber record, fueled by 'The Crown' and 'The Killer'

January 23, 2024 4:01 PM EST

By Dawn Chmielewski

(Reuters) -Netflix on Tuesday blew past Wall Street subscriber estimates in the fourth quarter, driven by a strong slate of shows that included the final season of the long-running royal drama "The Crown" and David Fincher's original film, "The Killer."

The company reported it added 13.1 million subscribers in the December quarter, its largest-ever fourth-quarter subscriber growth, handily exceeding projected gains of 8.97 million. That brings the total number of subscribers to 260 million.

Netflix shares were up 8.3% in after-hours trading. The stock gained 65% during 2023.

"It is becoming increasingly clear that Netflix has won... More

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

January 23, 2024 4:02 PM EST

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

Netflix (NFLX) Q4 Streaming Paid Net Change +13.12M vs +8.91M Est

January 23, 2024 4:01 PM EST

Netflix (NFLX) Q4 Streaming Paid Net Change +13.12M vs +8.91M Est

... More

Netflix (NFLX) Q4 Streaming Paid Net Change +13.12M vs +8.91M Est

January 23, 2024 4:01 PM EST

Netflix (NFLX) Q4 Streaming Paid Net Change +13.12M vs +8.91M Est

... More

Netflix (NFLX) Q4 Streaming Paid Net Change +13.12M vs +8.91M Est

January 23, 2024 4:01 PM EST

Netflix (NFLX) Q4 Streaming Paid Net Change +13.12M vs +8.91M Est

... 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

Netflix (NFLX) January weekly option implied volatility into quarter results

January 23, 2024 10:38 AM EST

Netflix (NASDAQ: NFLX) January weekly call option implied volatility is at 109, February is at 48; compared to its 52-week range of 24 to 59 into the expected release of quarter results today after the bell.

... More

Netflix, WWE ink long-term partnership worth over $5 billion

January 23, 2024 10:08 AM EST

Investing.com -- Netflix has agreed to a more than $5 billion, 10-year rights deal with WWE to bring the pro wrestling promotion's flagship weekly program to the streaming service, according to a joint statement on Tuesday.

The companies said that Netflix (NASDAQ: NFLX) will become the "exclusive new home" of WWE's "Raw" event in several territories, including the U.S., U.K., and Canada. "Raw," a blend of scripted content... 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

Midday movers: Alibaba surges, 3M sinks, and more

January 23, 2024 8:03 AM EST

(Updated - January 23, 2024 11:49 AM EST)

Investing.com -- Main U.S. indexes edged lower Tuesday, consolidating after recent gains as the earnings season kicks into full gear.

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

United Airlines (NASDAQ: UAL) stock rose 6.6% after the carrier reported strong fourth-quarter results, thanks in part to its "busiest" travel period ever in the last two weeks of December, but it said it expects a wider-than-expected loss in its current quarter.

Verizon (NYSE: VZ)... More

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

January 23, 2024 7:39 AM EST

By Dawn Chmielewski

(Reuters) -Netflix took a big step into live events on Tuesday with a more than $5 billion rights deal that would make it the exclusive home of World Wrestling Entertainment's Raw from January 2025.

The 10-year partnership will put Raw on the streaming platform in the U.S., Canada, Britain and Latin America, among other territories, the companies said.

Netflix will also exclusively telecast outside the U.S. all WWE shows and specials, including SmackDown, as well as pay-per-view live events such as WrestleMania and Royal Rumble.

News of the deal sent shares of... More

TKO Group Holdings (TKO) Climbs 10% After Netflix (NFLX) Acquires Rights To WWE Raw Beginning 2025

January 23, 2024 7:33 AM EST

TKO Group Holdings (NYSE: TKO) Climbs 10% After Netflix (NASDAQ: NFLX) Acquires Rights To WWE Raw Beginning 2025

WWE, part of TKO Group Holdings, Inc. (NYSE: TKO), and Netflix (NASDAQ:... More

Netflix (NFLX) Acquires Rights To WWE Raw Beginning 2025

January 23, 2024 7:32 AM EST

WWE, part of TKO Group Holdings, Inc. (NYSE: TKO), and Netflix (NASDAQ: NFLX) today announced a long-term partnership that will bring WWEs flagship weekly program Raw to the worlds leading entertainment service. This marks a major programming shift as Raw leaves linear television for the first time since its inception 31 years ago.

Beginning in January 2025, Netflix will be the exclusive new home of Raw in the U.S., Canada, U.K. and Latin America, among other territories, with additional countries and... More

Futures muted after stocks surge, earnings wave ahead - what's moving markets

January 23, 2024 5:31 AM EST

Investing.com -- U.S. stock were muted on Tuesday, as investors looked ahead to a bevy of quarterly corporate earnings and crucial economic data. Elsewhere, the Securities and Exchange Commission says a bad actor used a SIM-swapping attack to take control of its X account prior to a false post on the social media platform claiming the agency had approved a new Bitcoin-linked investment instrument, while the Bank of Japan maintains a dovish policy stance and lowers its inflation forecast for the coming fiscal year.

1. Futures muted

U.S. stock futures mostly... More

Netflix (NFLX) January weekly 485 straddle into quarter results

January 23, 2024 4:57 AM EST

Netflix (NASDAQ: NFLX) January weekly 485 straddle priced for a move of 8% into the expected release of quarter results today after the bell.

... More

Netflix films chief Stuber to depart, start own firm

January 22, 2024 5:35 PM EST

By Dawn Chmielewski

(Reuters) -Netflix said on Monday that Scott Stuber, head of films, will leave the streaming service pioneer in March to start his own media company.

No replacement was identified. Stuber, who joined the company in 2017 to expand its slate of original films, was named the chairman of Netflix Film in January 2023.... More

Netflix (NFLX) Film Chief Stuber Will Leave to Start New Company - Bloomberg

January 22, 2024 4:54 PM EST

(Updated - January 22, 2024 4:57 PM EST)

Netflix (NFLX) Film Chief Stuber Will Leave to Start New Company - Bloomberg

Scott Stuber to leave the company in March.Stuber will stay on as global film chairman at least until the Academy Awards in March to wrap up... More

Netflix (NFLX) January weekly option implied volatility into quarter results

January 22, 2024 10:41 AM EST

Netflix (NASDAQ: NFLX) January weekly call option implied volatility is at 96, February is at 47; compared to its 52-week range of 24 to 59 into the expected release of quarter results after the bell on January 23.

... More

Dow Jones, Nasdaq, S&P 500 weekly preview: Are new highs sustainable?

January 22, 2024 8:32 AM EST

The S&P 500 (SPX) hit a new record high last week after finally clearing 4,818.62 the level set in the first week of 2022. The index gained 1.2% last week and is now likely to continue pushing toward the psychologically-important 5,000 level.

Nasdaq Composite Index (IXIC) jumped 2.3% as tech stocks continue to ride the AI momentum. The index closed the week at 15,310.97 with the record high sitting at 16,212.23. Finally, the Dow Jones Industrial Average (DJI) was up 0.7%, marginally posting a new record high as the bulls continue closing in on 40000.

This weeks economic calendar is full of important data,... More

Netflix (NFLX) PT Raised to $440 at MoffettNathanson, Raises Estimates Ahead of Earnings Tomorrow

January 22, 2024 6:32 AM EST

MoffettNathanson analyst Michael Nathanson raised the price target on Netflix (NASDAQ: NFLX) to $440.00 (from $390.00) while maintaining a Neutral rating.

The analyst comments "For the fourth quarter, we are improving Netflix global net paid subscriber addition estimate by +2 million to 10 million (vs. 8 million... More

Guggenheim Reviews Netflix (NFLX) Ahead of Earnings Tomorrow

January 22, 2024 6:11 AM EST

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

The analyst comments "Netflix reports 4Q results AMC Tuesday, January 23. Broadly speaking, we feel that the analyst and investor narrative has seen a 180-degree turn from the cautious... More

Futures higher, FAA recommends more Boeing safety checks - what's moving markets

January 22, 2024 5:40 AM EST

Investing.com -- U.S. stock futures gain on Monday, in a possible sign of ongoing upward momentum after a tech-fueled surge in equities last week. The U.S. aviation authority recommends new safety checks on Boeing (NYSE: BA) planes that have similar features to a jet model involved in a mid-air door plug breach earlier this month. Sony (NYSE: SONY) pulls the plug on a mega-merger with India's Zee Entertainment, sparking a potential... More

Futures higher, FAA recommends more Boeing safety checks - what's moving markets

January 22, 2024 5:40 AM EST

Investing.com -- U.S. stock futures gain on Monday, in a possible sign of ongoing upward momentum after a tech-fueled surge in equities last week. The U.S. aviation authority recommends new safety checks on Boeing (NYSE: BA) planes that have similar features to a jet model involved in a mid-air door plug breach earlier this month. Sony (NYSE: SONY) pulls the plug on a mega-merger with India's Zee Entertainment, sparking a potential... More

Netflix (NFLX) January weekly 482.5 straddle into quarter results

January 22, 2024 5:30 AM EST

Netflix (NASDAQ: NFLX) January weekly 482.5 straddle priced for a move of 8% into the expected release of quarter results after the bell on January 23.

... More