Netflix (NFLX) Streaming Revenue Surpassed Several Cable Rivals in 2013
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Netflix (NFLX) Price Target Raised to $525 at Needham & Company
February 24, 2014 3:22 PM ESTNeedham & Company analyst Laura Martin reiterated a Buy rating on Netflix (NASDAQ: NFLX), raised estimates and raised her price target from $425 to $525 based on the Comcast deal.
On the Comcast deal, Martin comments: "Press reports include payment estimates of several million dollars. We believe this is approximately the same as what Netflix is paying intermediaries today.... More
Netflix (NFLX) the Winner in Comcast Deal, Analysts Explain
February 24, 2014 11:33 AM ESTWhile conventional thinking on today's Netflix (NASDAQ: NFLX)/Comast (NASDAQ: CMCSA) deal would suggest Netflix "crumbled and capitulated before King Comcast, sheepishly agreeing to pay for what previously had been a free and inalienable right," MoffettNathanson analysts Craig Moffett and Michael Nathanson have a different take.
The duo ask "... why in the world Netflix would choose to capitulate now, when Comcasts merger with TWC is hanging in the balance?" Bullying Netflix would open Comcast to charges of anti-competitive behavior and raised eyebrows at the DOJ.... More
