Macquarie speaks of a 'potentially momentous' quarterly update, while peers predict signs of accelerating growth in the second half of the year.
price target on the stock. But in the headline of a Monday report, he warned investors: “Tread Lightly Into Great Expectations.”
“Buyside expectations in terms of net sub adds are almost certainly higher than Street, with the market likely looking for more like 4 million-5 million subs in the second quarter and a similar to higher level in the third quarter ,” Mahaney wrote. “If the positive intra-quarter sub trends reported by third-party tracking services are accurate, these expectations appear reasonable.
Explained Mahaney: “Thus, we would prefer to buy Netflix shares after the rather than before and have issued a tactical ‘underperform’ call on Netflix for the .” The Evercore ISI analyst also pointed out that Netflix’s stock has exceeded his $400 price target, “and we removed it from our top picks list last month, but we are sticking with ‘outperform’ rating on Netflix as we believe this stock still has legs.” He noted his bull case for Netflix, which includes its stock price possibly hitting $500 by 2024, “driven by an incremental 20-30 million subs growth from ’23 to ’25 from SAVOD and paid sharing benefits.
Many recent Netflix reports have focused on such bullish commentary. At the end of June, for example,
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Earnings playbook: Netflix and Tesla are set to report this week as reporting season ramps upThe earnings season kicks into high gear this week as investors seek more clues on how well corporate America is doing.
Leer más »
Cardinals' Kyler Murray bullish on team’s chances in 2023: 'The sky is the limit'The Arizona Cardinals revamped its football operations this offseason by bringing in a new coach, GM, and several new players. A confident and rehabbing Kyler Murray appears to be locked in.
Leer más »
Top Wall Street analysts are bullish on these five stocksTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Nvidia and Apple.
Leer más »
Gold Price Forecast: XAU/USD prints bullish consolidation near $1,950 amid Fed blackoutGold Price (XAU/USD) prints mild losses around $1,953 as it extends Friday’s retreat from the short-term key resistance line amid the early hours of M
Leer más »
USD/CAD trades with positive bias above 1.3200 mark, lacks bullish convictionThe USD/CAD pair kicks off the new week on a positive note and builds on Friday's goodish recovery move from sub-1.3100 levels, or the lowest since Se
Leer más »
GBP/USD keeps the bullish bias above 1.3000 – UOBExtra gains in GBP/USD are likely while above the 1.3000 hurdle, according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group
Leer más »