AI Leader Taiwan Semiconductor is also on the earnings calendar, along with more financial stocks like American Express.
Netflix makes some news at Screentime
Netflix's stock has surged by over 80% since we last provided coverage. Some might consider the stock overbought. However, we argue that additional upside is in store. NFLX has shown robust growth in LATAM. Moreover, its UCAN segment sets a base for advertising revenue. APAC growth has slowed in recent quarters. Despite its slowing growth and rising competition, China's stimulus package provides a turnaround opportunity to APAC.
Analysts at Citi have reiterated their ‘Neutral' rating on video streaming platform Netflix Inc (NASDAQ:NFLX, ETR:NFC) ahead of its upcoming third quarter earnings report, expressing skepticism about the company's ability to achieve earnings per share of $25 in 2025. They wrote in a note to clients that Netflix bulls' hopes of EPS of $25 next year will require 15% topline growth driven by net subscriber additions, and price hikes in the US and elsewhere.
Netflix Chief Content Officer Bela Bajaria talks with Bloomberg's Lucas Shaw at Bloomberg Screentime about defining Netflix's content goals and says the streaming giant won't change its compensation model for talent and filmmakers. -------- More on Bloomberg Television and Markets Like this video?
The Investment Committee debate the latest Calls Of The Day.
Deutsche Bank analyst Bryan Kraft wrote that temporary benefits from paid sharing could be “winding down.”
It might seem strange to say a stock is still irresistible after it's rallied 350% and just closed at a new high, but it's hard not to with Netflix, Inc NASDAQ: NFLX. For a company that had to watch its shares lose 80% of their value just 2 years ago, it's been a remarkable turnaround and one that looks likely to continue.
Netflix (NFLX) concluded the recent trading session at $727.43, signifying a +0.79% move from its prior day's close.
Netflix Inc (NASDAQ:NFLX, ETR:NFC)'s UK arm has said revenue hit a record last year after the streaming service moved to clamp down of password sharing among viewers. Revenue ticked up 8% to £1.67 billion over the year to December on the back of a 7% jump in subscribers, the company reported on Wednesday.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Netflix stock rose Tuesday after getting a bullish report from investment bank JPMorgan. Analysts are mostly positive on the streaming video leader.