After-hours movers: Netflix, Intuitive Surgical, and more

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Crown Holdings (CCK) PT Raised to $125 at Jefferies

October 21, 2024 6:13 AM EDT

Jefferies analyst Philip Ng raised the price target on Crown Holdings (NYSE: CCK) to $125.00 (from $120.00) while maintaining a Buy rating.

The analyst comments "CCK is executing at a high level & delivering strong margins, and FCF generation should remain strong as it... More

Netflix (NFLX) PT Raised to $800 at Jefferies

October 21, 2024 6:12 AM EDT

Jefferies analyst Andrew Uerkwitz raised the price target on Netflix (NASDAQ: NFLX) to $800.00 (from $780.00) while maintaining a Buy rating.

The analyst comments "Q3 results were solid with 5M net adds coming in ahead of street and 2025 revenue guidance of 11-13% only suggesting a... More

Barclays on Netflix (NFLX): 'we see Netflix as being in an optimization phase of its story'

October 18, 2024 3:30 PM EDT

Barclays analyst Kannan Venkateshwar reiterated an Underweight rating and $550.00 price target on Netflix (NASDAQ: NFLX).

The analyst comments "Overall, we see Netflix as being in an optimization phase of its story, and if there is a company that deserves the... More

Intuitive Surgical (ISRG) PT Raised to $555 at RBC Capital

October 18, 2024 7:06 AM EDT

RBC Capital analyst Shagun Singh raised the price target on Intuitive Surgical (NASDAQ: ISRG) to $555.00 (from $525.00) while maintaining a Outperform rating.

The analyst comments "ISRG reported Q324 results, delivering upside surprise of 2% on sales, driven by robust procedure volume growth (+18% or 17% y/y day-adjusted vs.... More

Seaport Global Securities Reiterates Neutral Rating on Netflix (NFLX)

October 18, 2024 6:09 AM EDT

Seaport Global Securities analyst David Joyce reiterated a Neutral rating on Netflix (NASDAQ: NFLX).

The analyst comments "We continue to believe NFLX has a great business model and is set-up well for the long-term, but we think the valuation might be overly... More

Netflix (NFLX) PT Raised to $750 at Goldman Sachs

October 18, 2024 6:04 AM EDT

Goldman Sachs analyst Eric Sheridan raised the price target on Netflix (NASDAQ: NFLX) to $750.00 (from $705.00) while maintaining a Neutral rating.

The analyst comments "We recap NFLXs solid Q324 earnings report driven by better-than-expected operating income and slightly weaker subscriber net adds, while... More

Citi Reiterates Neutral Rating on Netflix (NFLX)

October 18, 2024 5:58 AM EDT

Citi analyst Jason Bazinet reiterated a Neutral rating and $675.00 price target on Netflix (NASDAQ: NFLX).

The analyst comments "NFLX reported 3Q24 revenue ~1% above the Street and operating income 7% above the consensus. In addition, Netflix reported 5.1 million net adds during the quarter, above the... More

Truist Securities Reiterates Buy Rating on Intuitive Surgical (ISRG)

October 18, 2024 5:53 AM EDT

Truist Securities analyst Richard Newitter reiterated a Buy rating and $570.00 price target on Intuitive Surgical (NASDAQ: ISRG).

The analyst comments "ISRG delivered 3Q rev/EPS upside as growth accelerated both on sales & EPS. The qtr saw a big US system beat (incl... More

Wolfe Research Reiterates Peerperform Rating on Netflix (NFLX)

October 18, 2024 5:52 AM EDT

Wolfe Research analyst Peter Supino reiterated a Peerperform rating on Netflix (NASDAQ: NFLX).

The analyst comments "We are compelled by the opportunity for ~3/4 of global pay-TV dollars to shift to streaming, of which Netflix should capture a significant share (vs. ~6% of industry... More

Netflix (NFLX) PT Raised to $830 at Morgan Stanley

October 18, 2024 5:51 AM EDT

Morgan Stanley analyst Benjamin Swinburne raised the price target on Netflix (NASDAQ: NFLX) to $830.00 (from $820.00) while maintaining a Overweight rating.

The analyst comments "Netflix is poised to remain the largest and fastest growing streaming service in the world as it heads into 2025.... More

Intuitive Surgical (ISRG) PT Raised to $490 at Evercore ISI

October 18, 2024 5:45 AM EDT

Evercore ISI analyst Vijay Kumar raised the price target on Intuitive Surgical (NASDAQ: ISRG) to $490.00 (from $475.00) while maintaining a In Line rating.

The analyst comments "Thesis Update: ISRG reported ~17% YoY rev growth (total revs 1.6% above ST), driven by 4% Systems rev Beat & ~1.8% Consumable rev beat. On the system side, total placements of ~379 came in 12% above ST, driven by a sizeable US Beat (219 placements came in 37% above our est of 160) and was partly offset by OUS (10% below EVR on EU & China softness). Total dV5 placements of 110 was up QoQ from 70 placements in... More

Intuitive Surgical (ISRG) PT Raised to $535 at BTIG

October 18, 2024 5:41 AM EDT

BTIG analyst Ryan Zimmerman raised the price target on Intuitive Surgical (NASDAQ: ISRG) to $535.00 (from $518.00) while maintaining a Buy rating.

The analyst comments "We reiterate our Buy and raise our PT to $535 (from $518 PT) following 3Q24 results. ISRG reported revenue of $2.038B (16.9% Y/Y) and... More

Netflix (NFLX) PT Raised to $825 at BMO Capital

October 18, 2024 5:39 AM EDT

BMO Capital analyst Brian J. Pitz raised the price target on Netflix (NASDAQ: NFLX) to $825.00 (from $770.00) while maintaining a Outperform rating.

The analyst comments "We reiterate Outperform and raise our target price to $825 from $770 on the following: 1) better-than-expected 2025E revenue growth guidance of 11-13%... More

Netflix (NFLX) PT Raised to $780 at Bernstein SocGen Group

October 18, 2024 5:38 AM EDT

Bernstein SocGen Group analyst Laurent Yoon raised the price target on Netflix (NASDAQ: NFLX) to $780.00 (from $625.00) while maintaining a Market Perform rating.

The analyst comments "Going into Q3 print, there were some concerns around 3Q net sub adds number against a softer content... More

Barclays on Netflix (NFLX): 'Margin expansion pace to slow in 2025 and potentially beyond'

October 18, 2024 5:37 AM EDT

Barclays analyst Kannan Venkateshwar reiterated an Underweight rating and $550.00 price target on Netflix (NASDAQ: NFLX)

The analyst comments "Margin expansion pace to slow in 2025 and potentially beyond: The companys margin performance in 2024 has been the standout KPI in our opinion but as we highlighted in our recent downgrade note (please see Netflix, Inc.: Growth algorithm getting more complex; downgrade to UW, 7 Oct 2024), this is driven by a very unique set of factors that have helped content and marketing costs. In this context, we highlighted the fact that the biggest tailwind to... More