Author Archives: Scalper1
Netflix gets price-target cut on international losses
Netflix’s (NFLX) accelerated global rollout will lead to steeper-than-expected international losses this year for the Internet video-streaming service, Cowen analyst John Blackledge said in a report Tuesday. Those losses, coupled with foreign-exchange headwinds, prompted Blackledge to trim his price target on Netflix stock to 150 from 154. Netflix stock was up 1%, near 116, in afternoon trading on the stock market today. Netflix CEO Reed Hastings
Google YouTube Paid Service Draws Price-Target Boost
Alphabet (GOOGL)-owned Google only needs to convince a few users of its free YouTube video service to sign up for paid subscriptions with its new YouTube Red offering in order to bring in significant revenue, according to investment bank Credit Suisse, which handed Alphabet a price-target boost on Tuesday. Credit Suisse raised its price target on Alphabet stock to 900 from 850 while maintaining its outperform rating. Alphabet stock was up more