After-hours movers: Netflix, United Airlines, Seagate Technology, and more

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CFRA Upgrades United Continental (UAL) to Buy

January 22, 2025 1:14 PM EST

CFRA analyst Ana Garcia upgraded United Continental (NASDAQ: UAL) from Hold to Buy with a price target of $123.00 (from $100.00).

The analyst comments "We lift our 12-month target to $123 from $100, 9.5x our 2025 EPS view of $12.98 (up from $12.12; we set 2026's at $14.35), a... More

Interactive Brokers Group (IBKR) PT Raised to $307 at BofA Securities

January 22, 2025 12:10 PM EST

BofA Securities analyst Craig Siegenthaler raised the price target on Interactive Brokers Group (NASDAQ: IBKR) to $307.00 (from $291.00) while maintaining a Buy rating.

The analyst comments "IBKR reported 4Q24 adjusted EPS of $2.03 vs. $1.91 BofA/$1.84 consensus driven by better-than-expected expense discipline in tandem with... More

Progress Software (PRGS) PT Lowered to $65 at Citi

January 22, 2025 10:53 AM EST

Citi analyst Tyler Radke lowered the price target on Progress Software (NASDAQ: PRGS) to $65.00 (from $68.00) while maintaining a Neutral rating.

The analyst comments "F4Qs sizable ARR upside (even organic) was overshadowed by FY25E EPS, Adj. FCF guides below expectations, where PRGS... More

Rosenblatt Upgrades Netflix (NFLX) to Buy

January 22, 2025 6:57 AM EST

Rosenblatt analyst Barton Crockett upgraded Netflix (NASDAQ: NFLX) from Neutral to Buy with a price target of $1,494.00.

The analyst comments "Netflix delivered on so many levels in 4Q24 that the equity needs to be rethought. The 2025 outlook now looks beatable, with ads ramping and... More

Seagate Technology (STX) PT Raised to $160 at Northland

January 22, 2025 6:55 AM EST

Northland analyst Gus Richard raised the price target on Seagate Technology (NASDAQ: STX) to $160.00 (from $144.00) while maintaining a Outperform rating.

The analyst comments "STX reported an upside in earnings driven by higher GM. We expect further GM expansion driven by its areal density roadmap,... More

Netflix (NFLX) PT Raised to $850 at MoffettNathanson

January 22, 2025 6:33 AM EST

MoffettNathanson analyst Michael Nathanson raised the price target on Netflix (NASDAQ: NFLX) to $850.00 (from $670.00) while maintaining a Neutral rating.

The analyst comments "We maintain our Neutral rating on NFLX but increase our price target +$180 to $850. Our faster expected growth for both... More

Netflix (NFLX) PT Raised to $1,150 at Needham

January 22, 2025 5:50 AM EST

Needham analyst Laura Martin raised the price target on Netflix (NASDAQ: NFLX) to $1,150.00 (from $800.00) while maintaining a Buy rating.

The analyst comments NFLX was up 13% after hours because it delivered 18.9mm net sub adds in 4Q, driven by a robust content... More

Netflix (NFLX) PT Raised to $960 at Goldman Sachs

January 22, 2025 5:28 AM EST

Goldman Sachs analyst Eric Sheridan raised the price target on Netflix (NASDAQ: NFLX) to $960.00 (from $850.00) while maintaining a Neutral rating.

The analyst comments "We recap NFLXs solid Q424 earnings report driven by better-than-expected revenue and operating income, while providing forward commentary... More

Netflix (NFLX) PT Raised to $975 at Bernstein SocGen Group

January 22, 2025 5:27 AM EST

Bernstein SocGen Group analyst Laurent Yoon raised the price target on Netflix (NASDAQ: NFLX) to $975.00 (from $780.00) while maintaining a Market Perform rating.

The analyst comments "No puns. We thought it was a typo. Netflix defied the odds once again, delivering net adds far beyond even the most unreasonable (or so we thought) subscriber bogey we heard going into the print. Net adds came in 2x sell-side consensus and ~50% higher than the buy-side bogey.... More

Interactive Brokers Group (IBKR) PT Raised to $225 at Citi

January 22, 2025 5:03 AM EST

Citi analyst Chris Allen raised the price target on Interactive Brokers Group (NASDAQ: IBKR) to $225.00 (from $220.00) while maintaining a Buy rating.

The analyst comments "IBKR reported 4Q24 adj. EPS of $2.03, w. est. core EPS of $1.96 ex-timers ($24M net gains in other... More

Interactive Brokers Group (IBKR) PT Raised to $222 at Jefferies

January 22, 2025 5:00 AM EST

Jefferies analyst Daniel Fannon raised the price target on Interactive Brokers Group (NASDAQ: IBKR) to $222.00 (from $215.00) while maintaining a Buy rating.

The analyst comments "IBKR reported 4Q24 Adj. EPS of $2.02, vs JEF est $1.82/Cons $1.84. Revenues came in higher than expected... More

Netflix (NFLX) PT Raised to $1,175 at BMO Capital

January 22, 2025 4:58 AM EST

BMO Capital analyst Brian J. Pitz raised the price target on Netflix (NASDAQ: NFLX) to $1,175.00 (from $1,000.00) while maintaining a Outperform rating.

The analyst comments "As mentioned, AVOD upside/pricing optionality drove all-time high net subs growth of ~19M. Ad revenue... More

Netflix (NFLX) PT Raised to $1,175 at BofA Securities

January 22, 2025 4:57 AM EST

BofA Securities analyst Jessica Reif Ehrlich raised the price target on Netflix (NASDAQ: NFLX) to $1,175.00 (from $1,000.00) while maintaining a Buy rating.

The analyst comments "Netflix reported very strong 4Q results with revenue growth of 16% Y/Y (19% FX neutral and above 4Q guidance of 14.7%) driven by net adds of... More

Wolfe Research Reiterates Peerperform Rating on Netflix (NFLX)

January 22, 2025 4:56 AM EST

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

The analyst comments "~3/4 of global pay-TV dollars are shifting to streaming, of which Netflix should capture a significant share (vs. ~6% of industry revenue today). However, today's valuation already reflects Netflix... More

Netflix (NFLX) PT Raised to $1,150 at Morgan Stanley

January 22, 2025 4:55 AM EST

Morgan Stanley analyst Benjamin Swinburne raised the price target on Netflix (NASDAQ: NFLX) to $1,150.00 (from $1,050.00) while maintaining a Overweight rating.

The analyst comments "We raise estimates and PT following stronger-than-expected results and guidance. Unmatched scale creates the financial capacity to invest... More

Netflix (NFLX) PT Raised to $1,150 at Macquarie

January 22, 2025 4:55 AM EST

Macquarie analyst Tim Nollen raised the price target on Netflix (NASDAQ: NFLX) to $1,150.00 (from $965.00) while maintaining a Outperform rating.

The analyst comments "Netflix beat on top and bottom lines in Q4. This was the last Q Netflix will report subs,... More

Netflix (NFLX) PT Raised to $875 at Deutsche Bank

January 22, 2025 4:54 AM EST

Deutsche Bank analyst Bryan Kraft raised the price target on Netflix (NASDAQ: NFLX) to $875.00 (from $650.00) while maintaining a Hold rating.

The analyst comments "We are raising our PT to $875, from $650, driven by a significant increase in our multi-year earnings and FCF forecast. Our higher earnings and FCF forecast are due to our now much higher... More

Netflix (NFLX) PT Raised to $1,100 at Evercore ISI

January 22, 2025 4:53 AM EST

Evercore ISI analyst Mark Mahaney raised the price target on Netflix (NASDAQ: NFLX) to $1,100.00 (from $950.00) while maintaining a Outperform rating.

The analyst comments "Our View: We reiterate our Outperform on NFLX and raise our PT to $1,100 in the wake of Beat &... More

Baird Reiterates Outperform Rating on Seagate Technology (STX)

January 22, 2025 4:49 AM EST

Baird analyst Tristan Gerra reiterated an Outperform rating and $120.00 price target on Seagate Technology (NASDAQ: STX)

The analyst comments "Hyperscaler capex is poised to increase further this year. Nearline EB shipments exceeded for the first time the F4Q22 peak, increasing 77% YoY.... More

Netflix (NFLX) PT Raised to $1,200 at Jefferies

January 22, 2025 4:46 AM EST

Jefferies analyst Andrew Uerkwitz raised the price target on Netflix (NASDAQ: NFLX) to $1,200.00 (from $1,000.00) while maintaining a Buy rating.

The analyst comments "Q4 results were near flawless with +19M net adds the most in company history and above the +13M bogey. We... More

Summit Insights Upgrades Seagate Technology (STX) to Buy 'on the upcoming HAMR technology transition'

January 22, 2025 4:31 AM EST

Summit Insights analyst Kinngai Chan upgraded Seagate Technology (NASDAQ: STX) from Hold to Buy.

The analyst comments "We are upgrading STX to a buy as we expect its HAMR HDD to drive upside to its gross margin in 2H25. We expect the current... More

Citi on Netflix (NFLX): 'we would expect shares likely to trade higher'

January 22, 2025 4:28 AM EST

Citi analyst Jason Bazinet reiterated a Neutral rating and $920.00 price target on Netflix (NASDAQ: NFLX)

The analyst comments "NFLX reported 4Q24 revenue ~1% above the Street and operating income 2% above the consensus. In addition, Netflix reported 18.9 million net adds during the quarter, well above... More