Buy the Netflix Dip? History Says Do It
Netflix missed expectations for subscriber growth, but delivered a promising preview of free cash flow. Here’s what Wall Street analysts had to say:
The Unanswered Questions that Remain for Disney’s New Restructuring
Disney is shaking up its business structure to expedite the media giant’s Direct-to-Consumer ambitions.
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.
Roku’s Audience Growth is Impressive, But Ad Outlook Remains Fuzzy
Roku is finding itself caught between two diverging trends, and investors are stuck choosing which to weigh more heavily. As an aggregator of streaming entertainment content, Roku is a clear winner emerging from the mass exodus from cable television. The problem in the near-term is, however, the lack of visibility into digital advertising strength, which Roku is heavily reliant on.
Impact of Spotify’s Podcast Splurge Remains Unclear
Spotify’s guidance for the second half of 2020 indicates upcoming podcast content does not seem to be increasing 2020 monthly active users compared to prior expectations, according to Wells Fargo media analyst Steven Cahall.
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.
Warner Music Group Gets Flurry of Positive Ratings from Wall Street
Warner Music Group is getting the approval of several analysts as many begin initiating coverage of the pure-play music company with positive ratings and price targets ranging from $28 to $40.
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.
Warner Music Revives IPO, Gives Alternative Way to Bet on Streaming
Warner Music Group launched its IPO of 70,000 shares today. If you want to invest in the success of superstar recording artists such as Ed Sheeran, Bruno Mars, and Cardi B, WMG is giving you the chance to do so through ownership of its stock.