Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Netflix +9.3%, basking in Q2 sub success, analyst praise

Published 07/18/2017, 09:45 AM
Updated 07/18/2017, 09:45 AM
© Reuters. Netflix +9.3%, basking in Q2 sub success, analyst praise
  • Netflix (NASDAQ:NFLX) has carried last night's aftermarket gains into the regular session, up 9.3% after its Q2 results showed better subscriber gains than expected and sub momentum expected to carry into Q3.
  • Analysts are rolling in with praise for the company's content slate, credited with driving the gains.
  • BofA Merrill Lynch raised its price target to $199 from $184, implying 23% upside, and analyst Nat Schindler sees a bull case for the stock to hit $300. Pricing is the major driver, he notes, and further price hikes to the faster-growing international business boost that bull case.
  • Cowen's about that bullish, with a $197 price target (up from $170), and John Blackledge says the company crushed typical seasonality with the sub numbers. Hours of original content were up about 130% Y/Y and should drive similar Q3 results along with stable prices and more integration into set-top boxes.
  • "NFLX has an unstoppable lead domestically, clearly has first-mover advantage internationally," says Rosenblatt's Alan Gould, who upgraded to Buy and boosted Netflix's price target to $200 from $155. The company's building a moat in content and acts as its own distributor, he notes, making for profitability.
  • Previously: Netflix to finance heavy content spending with debt (Jul. 17 2017)
  • Now read: Netflix Leaves Bears In The Dust

Original article

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.