Netflix

Netflix is one the world’s leading entertainment services with over 247 million paid memberships in over 190 countries enjoying TV series, films and games across a wide variety of genres and languages. Members can play, pause and resume watching as much as they want, anytime, anywhere, and can change their plans at any time.

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

/ / Consumer Discretionary / ,

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 »

Netflix (NASDAQ:NFLX) Cut Subscription Prices by Up to 50% in More Than 100 Countries

/ / Consumer Discretionary /

Netflix (NASDAQ:NFLX) has cut prices for streaming services in more than 100 countries, mostly in low-income areas with relatively few subscribers. A Netflix spokesperson said: “We are always looking at ways to improve the member experience. You can confirm that we are updating subscription plan pricing in select countries. According to independent research firm Ampere Analysis, Netflix’s base subscription price cut the most, reaching nearly 50%; Price reductions for other tiers range from 17% to 25%. The agency said Netflix’s price increase affected more than 10 million subscribers.

Netflix (NASDAQ:NFLX) Cut Subscription Prices by Up to 50% in More Than 100 Countries Read Post »

Needham: Downgrade Netflix (NASDAQ:NFLX) FY2023 Expectations Maintain Hold rating

Needham: Downgrade Netflix (NASDAQ:NFLX) FY2023 Expectations Maintain Hold rating

/ / Consumer Discretionary /

2022.12.22 Needham analyst Laura Martin maintains support for Netflix (NASDAQ:NFLX) lowered its FY23 EPS forecast to $9.31 from $11.57 and lowered its revenue forecast to $33.4 billion from $35.8 billion. Analysts said in a research note that the company’s peak users may have passed, as churn rates are rising across all OTT providers. Martin added that 57 percent of ad subscription subscriptions in the fourth quarter came from Netflix’s high-priced ads, and the company’s business is under pressure to decline in average revenue per user. Analysts further noted that the FTC’s lawsuit against Microsoft’s acquisition of Activision Blizzard undermined Netflix’s shareholder value because it reduced the likelihood that Netflix would be a target for its acquisition. Netflix, Inc. (NASDAQ:NFLX) stock trading strategy: 2022.12.23 From the stock technical chart analysis, the recent stock price from the rebound high fall, intraday forced into the 60-day moving average, the possibility of short-term phased

Needham: Downgrade Netflix (NASDAQ:NFLX) FY2023 Expectations Maintain Hold rating Read Post »

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