Consumer Discretionary

Oppenheimer Maintains Netflix (NASDAQ:NFLX) Outperform rating with a $415 price target

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Oppenheimer analyst Jason Helfstein noted that Netflix (NASDAQ:NFLX) shares are down 22 percent from their highs since the fourth quarter of last year, as the stock is now at an attractive level due to concerns about higher churn and slower ad placement due to password sharing. Netflix’s engagement trend in the first quarter was weaker than in the previous two quarters, but in line with the average of its first six quarters, the analyst said. The company believes that account sharing will generate “meaningful growth” in EBITDA and said competitors are more focused on profitability, indicating that it has passed the peak of competition. The analyst sees an opportunity for Netflix shares after a period of weakness and maintains an outperform rating on the stock with a $415 price target.

Oppenheimer Maintains Netflix (NASDAQ:NFLX) Outperform rating with a $415 price target Read Post »

Deutsche Bank raised Lyft (NASDAQ:LYFT) price target to $12 from $11

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Deutsche Bank analyst Benjamin Black raised Uber’s (NYSE:UBER) price target to $44 from $42 and maintained a “buy” rating. The analyst also raised its price target on Lyft (NASDAQ:LYFT) to $12 from $11 and maintained a “hold” rating. An appeals court in California overturned a lower court’s ruling on March 13, local time, finding that Uber and Lyft had the right to treat their drivers as independent contractors.

Deutsche Bank raised Lyft (NASDAQ:LYFT) price target to $12 from $11 Read Post »

Deutsche Bank raised Uber (NYSE:UBER) price target to $44 from $42

/ / Consumer Discretionary / ,

Deutsche Bank analyst Benjamin Black raised Uber’s price target to $44 from $42 and maintained a “buy” rating. The analyst also raised Lyft’s price target to $12 from $11 and maintained a “hold” rating. An appeals court in California overturned a lower court’s ruling on March 13, local time, finding that Uber and Lyft had the right to treat their drivers as independent contractors.

Deutsche Bank raised Uber (NYSE:UBER) price target to $44 from $42 Read Post »

United Airlines(NASDAQ:UAL) expects Q1 2023 operating revenue up approximately 51% versus Q1 2022

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now expects first quarter 2023 total operating revenue to be up approximately 51% versus first quarter 2022, higher than the Company’s initial approximately 50% expectation provided in January 2023. the Company now expects an adjusted diluted loss per share of between $0.60 and $1.00 in the first quarter 2023. While all months of 2023 are expected to produce unit revenue significantly above the corresponding months in 2019. the Company now expects a first quarter 2023 average fuel price per gallon of between $3.31 and $3.41. The Company continues to expect a full year 2023 adjusted pre-tax margin of approximately 9% and full year adjusted diluted earnings per share1 of $10 to $12.

United Airlines(NASDAQ:UAL) expects Q1 2023 operating revenue up approximately 51% versus Q1 2022 Read Post »

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