Netflix (NFLX) Given New $370.00 Price Target at Oppenheimer

Netflix (NFLX) Given New $370.00 Price Target at Oppenheimer

Netflix (NFLX) Given New $370.00 Price Target at Oppenheimer

"As we head into the rest of 2018 we believe Netflix has a number of growth levers which should fuel the company's next phase of strategic penetration among both USA and especially global consumers and this quarter reiterated this message "loud and clear" as the king of content continues to streamroll ahead". I think shares are likely to continue higher from here, meaning new all-time highs should be coming soon.

For the second quarter, the internet television network expects to add 6.2 million subscribers worldwide, topping Wall Street's target of 5.2 million net new subscribers in the period. Jefferies Group LLC upped their price objective on Netflix from $80.00 to $95.00 and gave the company an "underperform" rating in a research note on Thursday, January 19th. While none moved more than 1 per cent, the gains marked a positive start to earnings seasons for a sector that's been under pressure in recent months. Netflix is only a few months away from reaching a $4 billion quarterly revenue rate. The number of shares now owned by investors are 540.86 mln. This might not impress many given the revenue/sub beat, but the $290 million net income figure also included a $41 million loss on the euro bond. Sales for the quarter grew 40 per cent to $3.70 billion, compared with Wall Street projections of $3.69 billion.

Netflix has signed up more than half of all U.S. broadband households and is building its customer base globally.

The streaming-video service hit 125 million members in its first quarter, the company said in a better-than-expected earnings release Monday. This is a main point of the bear case, but it really doesn't matter at this point.

The company's market capitalization stands at $137.2 billion, more than double a year earlier. Also, Director Leslie J. Kilgore sold 2,373 shares of the business's stock in a transaction that occurred on Tuesday, January 16th.

Even a price hike can't slow Netflix down.

Southwest 737 Makes Safe, Emergency Landing after Engine Damage and Cabin Decompression
At least one passenger died during the incident. "We are still on the plane and they are trying to revive a woman on the plane". Southwest became the nation's largest domestic air carrier in 2003 and maintains that ranking based on the U.S.

Trudeau Offers Federal Aid For Trans Mountain
While opponents are still planning to keep up the pressure, local business groups are in favour of the project moving ahead. An expansion to the West Coast has been approved by the federal government, but fighting it in the courts.

Sacramento police release shooting videos
Another officer can be heard shouting at Clark's motionless body: "We need to know if you're OK". Her body-camera footage ends immediately after the male officer announces his intention to mute.

Netflix's CEO Reed Hastings and Chief Content Officer Ted Sarandos took the analyst call with Benjamin Swinburne of investment bank Morgan Stanley, and confirmed that they would be spending "upwards" of $8 billion this year on content.

In February, producer Ryan Murphy agreed to leave 21st Century Fox Inc., where he made American Horror Story, for a deal at Netflix worth a reported $300 million. Even if a recording label offered exclusive rights to some of its popular songs, Spotify would have trouble outbidding its far wealthier levels.

Netflix has firmly established its service as a staple in tens of millions of households around the world by pouring billions of dollars into a slate of original programming that can't be watched anywhere else.

Netflix, Inc. shares were trading at $307.78 per share on Monday afternoon, down $3.87 (-1.24%). After another stellar earnings report, the company's future remains very bright.

Looking to the current quarter Netflix expects to add another 6.2 million net subscribers and is looking at revenues of $US3.9 billion as the benefits of last year's price rises flow through to the bottom line.

Just last quarter Netflix passed a $100 billion market cap - and we might already be talking about it as a $150 billion company before too long with yet another big financial quarter that sent its stock soaring.

Latest News