Netflix stock upgrade
Deutsche Bank upgrades Netflix to buy despite cutting its price target.
Anonymous
Deutsche Bank upgraded Netflix to Buy from Hold after the company’s second-quarter results, citing potential international growth and upside from artificial intelligence. The bank nevertheless cut its price target to $95 from $100 and lowered its operating-income and free-cash-flow estimates; the revised target implies about 37% upside from the stock’s then-current price. Other analyst views remain mixed, though MarketBeat data cited in reports showed a consensus rating of Moderate Buy and an average target of $95.15.
Key Points
1
Netflix reported second-quarter earnings per share of $0.80, slightly above the $0.79 analyst consensus, while revenue of $12.56 billion came in just below the $12.58 billion estimate.
2
Analyst views included a range of targets: New Street Research raised its target to $102 while keeping a neutral rating, and Wedbush lowered its target to $105 but maintained an outperform rating.
3
MarketBeat’s analyst tally showed four Strong Buy ratings, 34 Buy ratings, 15 Hold ratings and two Sell ratings for Netflix.
Sentiment
Mostly NegativeNEGATIVENEUTRALPOSITIVE
Publishers
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Reach
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