TD Cowen raised its price target on Netflix Inc (NASDAQ:NFLX) to $775 from $725 today, ahead of the streaming giant's second-quarter report, due out after the close on July 18.
Netflix (NFLX) closed at $685.74 in the latest trading session, marking a -0.71% move from the prior day.
Netflix is expanding into physical entertainment venues, offering immersive experiences based on popular shows to increase user engagement and revenue streams. Financially, Netflix is strong with a large gain in subscribers in Q1 and jump in revenue, leading to an increased price target from Evercore. The company's move into in-person entertainment spaces positions them to compete with Disney and diversify revenue streams, with significant growth potential and undervaluation.
Starting in 2025, management will no longer provide quarterly subscriber numbers. The leadership team thinks other metrics should be used to assess the health of the business.
The Motion Picture Association-Canada, representing Disney (DIS), Netflix (NFLX) and other streamers, is fighting a proposed 5% tax on revenue generated in the country that would be used to finance local news.
Netflix and Disney and other major US streaming services have asked a Canadian court to stop plans forcing them to fork over 5% of their sales.
Netflix (NFLX) releases the trailer of Elites' final season. The series is set to premiere globally on Jul 26, 2024.
Here's one key rule for selling stocks: The one-day largest point loss. That rule helped avoid big declines in Netflix, Super Micro and Tesla.
Ted Sarandos, a chief executive of Netflix, on the future of entertainment.
The demise of Netflix's lowest-priced ad-free plan continues in the UK and Canada. Basic users in those markets report receiving deadlines to upgrade or accept ads.
Netflix is exploring several innovative strategies to drive growth, but video games could be the next game-changing operation. The company could more than double its global target market with a confident entry into this video-adjacent sector.
Netflix (NFLX) reveals plans to adapt Fernando Aramburu's latest novel, El nino, into a feature film in a significant move to bolster its Spanish-language content.