Markets

Netflix slides 6% after missing 3rd-quarter subscriber growth and profit targets

Netflix sank as much as 6% in early Wedne sday trading after missing expectations for third-quarter subscriber growth and profits. The streaming titan added 2.2 million subscribers over the three-month period, missing Wall Street’s 3.3 million estimate. While revenue beat expectations, earnings per share of $US1.74 missed the $US2.13 Street […]
Netflix slides 6% after missing 3rd-quarter subscriber growth and profit targets
Markets

‘We’d buy the dip’: 3 Wall Street firms weigh in on Netflix’s worse-than-expected earnings report

While Netflix shares tumbled following a disappointing second-quarter report, Wall Street analysts are still optimistic about the company’s near-term prospects. The streaming giant beat revenue estimates but fell below hopes for second-quarter earnings and forecasted third-quarter subscriber growth. Some analysts pointed to a pull-forward in subscribers as a boon for […]
‘We’d buy the dip’: 3 Wall Street firms weigh in on Netflix’s worse-than-expected earnings report
Markets

UBS downgrades Netflix, calling shares overvalued after 75% rally from COVID-19 lows

Netflix shares’ risk-reward profile is becoming increasingly unattractive as investors ignore major risks and pile in, UBS said Tuesday. The firm downgraded Netflix to “neutral” from “buy” while reiterating its $US535 price target. Investor debates around new competitors, rising content costs, and lasting subscriber growth “have disappeared at current levels,” […]
UBS downgrades Netflix, calling shares overvalued after 75% rally from COVID-19 lows