Netflix Price Target Raised to Street-high $650 by Pivotal
Pivotal Research is now the biggest Netflix bull on Wall Street. The firm raised its price target by $50 a share to $650, saying the video streaming company is likely to remain as the dominant global SVOD player for the foreseeable future.
Why Wall Street Got Netflix Earnings Wrong
Weak Q3 subscriber guidance is overshadowing a record 2nd quarter for Netflix. Q3 guidance of 2.5 million was lower than 5.3 million consensus on Wall Street due to demand pull-forward related to the pandemic, according to some analysts.
UBS Puts Netflix on Pause with Downgrade
Netflix downgraded to NEUTRAL from BUY: UBSS lowered its rating and reiterated its price target of $535, which UBS says reflects solid current user dynamics vs. tougher comps for sub growth in the years ahead.
Netflix Price Target Raised to Street-High $670 by Goldman
Netflix is about to crush expectations for subscriber growth when it reports Q2 earnings next week, according to Goldman Sachs, which raised its price target for the stock to a street-high $670 (up from $540).
Early Look at Netflix Q2
App data and search interest trends indicate subscriber growth is ahead of schedule for the latest quarter, according to Stifel. The analyst, Scott Devitt, raised his price target to $500 ahead of Netflix’s earnings report on Thursday, July 16.
Survey of Netflix Subscribers Indicates Pricing Power Abroad
International growth is the key for Netflix as it faces intense competition in the U.S. and abroad. Jefferies surveyed Netflix subscribers across the U.S, UK, and India, and found that the streaming service has the flexibility to raise prices in some of its most important markets.