Tag Archives: nflx

Netflix price increase leads to stock price target hike

Internet television network Netflix (NFLX) got an upbeat note from Morgan Stanley Monday following the streaming video service’s price hike last week and ahead of its third-quarter earnings report. Morgan Stanley analyst Benjamin Swinburne reiterated his overweight rating on Netflix stock and raised his price target to 135 from 125. Netflix stock rose a fraction to 113.45 on the stock market today. Concerns that major media companies might stop

Netflix: 10 billion reasons for price hike before Apple entry

Netflix (NFLX) has 10 billion reasons to hike subscriber prices, something bears on the stock know and bulls tend to gloss over. That’s more than $10 billion in streaming content obligations over the next five years — cash Netflix must fork over to programmers for rights to TV shows. That doesn’t include its own growing expenses for developing original content. And that $10 billion could be table stakes if Apple (AAPL) enters the video streaming

Netflix price hike: Yay! investors cheer

While not likely to thrill consumers, the Netflix (NFLX) price increase revealed Thursday was a hit with investors. Netflix stock jumped on the news. Shares were down as much as 5% Thursday before the news broke that Netflix is implementing a price increase for new subscribers in America, Canada and parts of Latin America. After the price hike was disclosed on the company’s website, Netflix stock rallied, rising more than 6% in the stock market