Despite a series of positive developments for Netflix (NFLX) and recent moves to consolidate its position as the No. 1 streaming video provider, shares could tumble. In a preview of an earnings report set for April 15, Wedbush analyst Michael Pachter said he still expects first-quarter upside for Netflix amid global expansion and tight cost controls. He added, “We believe Netflix’s high valuation is unwarranted, given the potential for slowing
Consumers looking for on-demand video entertainment are choosing from multiple services for movies and TV shows, mixing Netflix (NFLX), Redbox, Hulu and other providers. A survey out Monday by Consumer Intelligence Research Partners found that 75% of people who use on-demand video services are using two or more services and half use three or more services. Consumers are putting together their own “baskets” of paid on-demand video services to
Netflix (NFLX) was up nearly 4% in afternoon trading Tuesday after Cantor Fitzgerald called it the “clear winner” in the trend toward unbundling TV services. Analyst Youssef Squali raised his price target on the stock to 500 from 450 and raised his average revenue per user estimate on the assumption that rising fees from new competitors, such as the soon-to-launch HBO Now, will provide a “pricing umbrella” for Netflix’s streaming service. “At