Also on Monday, Wells Fargo initiated coverage of the streamer with a relatively lowly 'market perform' rating and $288 price target.
Also on Monday, Wells Fargo initiated coverage of the streamer with a relatively lowly"market perform" rating and $288 price target.
"Against this backdrop of accelerating industry spend, we believe the right move for Netflix management is to also materially accelerate their spend," says the analyst, adding that margins and free-cash flow will likely take a hit in that scenario. Meanwhile, the Consumer Technology Association released its 2019 Mid-Year Sales & Forecast report on Monday, and it suggests the business of streaming is growing fast enough to support multiple competitors. In 2018, revenue generated by SVOD services was $20.4 billion in the U.S. and it should hit $26.1 billion this year and $32.3 billion in 2020, according to the forecast.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
How Snapchat Became The Best-Performing Tech Stock In 2019SNAP is up almost 200% this year by skleb1234
Leer más »
New York Stock Exchange owner launches futures contracts that pay out in bitcoinCryptocurrency fans will hope the futures contracts, which are federally regulated, can provide some much-needed legitimacy to bitcoin.
Leer más »
5 things to know before the stock market opens MondayWorries over global economic growth were set to thwart Wall Street's run to record highs on Monday.
Leer más »
First Lady Melania Trump rings the opening bell at the New York Stock ExchangeFirst lady of the United States Melania Trump rang the opening bell Monday morning at the New York Stock Exchange.
Leer más »
Melania Trump Promotes Be Best at New York Stock ExchangeBe Best, the nebulous (anti-bullying? anti-opioids? anti-vaping?) initiative by First Lady Melania Trump that at least one of her friends deemed “illiterate,” isn’t just for kids anymore. On Monday, the motivational slogan was emblazoned in Black Mirror splendor over several screens at the New York Stock Exchange, where Trump rang the opening bell. Now finance bros get to Be Best, too.
Leer más »
How Snapchat Became The Best-Performing Tech Stock In 2019SNAP is up almost 200% this year.
Leer más »