Tag Archives: nflx

Netflix thunders to new high on Goldman Sachs report

Netflix stock rocketed to a record high on Monday after getting a bullish endorsement from Goldman Sachs. Goldman Sachs analyst Heath Terry reiterated a buy rating on Netflix stock and raised his price target to 780 from 620. In a research report, Terry said Netflix is set to replicate its streaming video success around the world over the next two years. By 2020, Netflix could reach 112 million international subscribers (vs. 21 million in Q1) and 69 million subscribers in the U.S. (vs. 41 million in Q1), Terry said. Once Netflix (NFLX) completes its global rollout to 200 countries by the end of next year, it will have significant opportunity to increase its operating margins, Terry said. Netflix stock jumped to an all-time high of 716.16 in intraday trading Monday, eclipsing its previous high of 706.24 set on June 24. Netflix stock closed the regular session at 707.90, up 4%…

Netflix surges on international subscriber growth outlook

Netflix (NFLX) got a boost Friday from a report by Nomura Securities, which raised its forecast for international subscribers and its price target on Netflix stock. Netflix was up 1.7% to above 681 in afternoon trading on the stock market today. Nomura analyst Anthony DiClemente reiterated his buy rating on Netflix stock and raised his price target to 750 from 600. He says the Internet TV leader can grow to 94 million international subscribers by 2020, up from its prior target of 80 million. DiClemente anticipates that Netflix will grab 13% of broadband Internet households. “We believe a growing mix of global content license agreements will result in much higher longer-term operating margins vs. Street estimates,” DiClemente said in a research report Thursday. “Long-term international margin expansion remains the most significant source of upside to Netflix shares.” By 2020, Netflix could have 152 million subscribers, including 58 million in the…

Netflix users loyal, investors cautious ahead of Q2 earnings

Netflix received another bullish analyst report on Tuesday, but investors are cautious ahead of the Internet television company’s June quarter report, due out July 15. Netflix (NFLX) stock fell a fraction Tuesday, closing at 658.64. But Netflix stock is up 93% this year, hitting an all-time high of 706.24 on June 24. Netflix stock will split 7-for-1 after the close on July 14. Raymond James analyst Justin Patterson reiterated an outperform rating on Netflix stock and raised his price target to 730 from 585. Patterson argued that data indicate that consumers are more loyal to the Netflix service than previously thought, Barron’s reported. A consumer survey by Raymond James also showed a shift in viewing from cable (linear TV) to streaming (on-demand video). Netflix is the biggest beneficiary of this trend, he said. Netflix has seen several bullish analyst reports with big price target hikes in recent weeks. BTIG lifted…