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TSX climbs, Wall Street sinksNetflix leads Wall Street higherWarm inflation, Bitcoin ETFs launchThis summary was created by AI, based on 28 opinions in the last 12 months.
Experts are generally positive about Netflix, Inc. (NFLX-Q), with many citing its leading position in the streaming service industry, strong revenue growth, and successful initiatives such as the password crackdown and ad-supported tier. Some concerns about valuation and potential competition are also mentioned, but overall, the company's profitability, content quality, and potential for international growth are noted as key strengths.
He bought more due to JOMO -- joy of missing out. NFLX is back on its way.
Fell over last week because announced end to reporting new subscribers, which added uncertainty. His 12-month price target is $633, still decent runway. King of streaming and content. Talking more about gaming. Buy in thirds here around $554, $525, and $500.
Last Friday, shares sank 9% after they reported. Their Q1 looked good to him, though, with a huge subscriber beat (adding 9.33 million paid users) and revenue jumped 15% YOY. $2.14 billion cash flow was impressive, and the company offered great guidance for the next quarter. That said, the full-year revenue growth forecast seemed lacking, slightly below expectations, and management didn't raise its full-year free cash flow forecast. This suggests things will be worse in the second half of 2024. Also, they're getting hit by currency fluctuations, like the collapse of Argentina's peso. But starting next year, Netflix won't supply numbers about membership and average revenue per member, which really spooked the market and triggered the sell-off. He agrees that they revenues mean more now with the company, but it was a boneheaded move to hide this data. Overall, he's more bullish than bearish about Netflix. Memberships are up and their ad business is growing.
Good company, but is it a good stock? Moved sharply higher on the back of success. Declared winner of the streaming wars. Watch profitability and margins in the NA markets, as that's where it makes money. Priced aggressively. On valuation, he'd need 20-30% drop before being interested.
Expectations are so high and he fears they can't deliver. Then again, they keep cutting back content. This stock always bounces when it misses, so he will buy more.
It reports tomorrow and he's confident, though shares are running up to this report. Content spend is down and margins are expanding. They added paid sharing and the ad tier. Watch paid sharing.
Price target was raised to $700 today. It's the leading streamer in the world, are profitable and they can grow earnings as they want. They've raised monthly fees in recent years, but still attractive to competitors. He may buy more in coming days.
Streaming is the new normal. Clear leader, the proof is in their huge and growing subscriber count. Competitive landscape. Strong pricing power and best-in-class customer retention via aggressive investment in original content. Tailwind of digital advertising. Should be rapid free cashflow growth. Consensus is compounded earnings of 28% over next 3 years. At 34x, discount valuation of 20% compared to its own history. No dividend.
(Analysts’ price target is $621.10)Wish he owned more shares. It's the winning streaming service and has pricing power. Analysts keep raising the price target, so expect the valuation to get more stretched, but he's happy to hold it.
He wished he owned more. The stock keeps getting cheaper, PE wise. It's clearly the leading streamer and the only one not distracted by other businesses it runs (it has none). He won't add to it, because it's had such a move, but happy to hold.
It continues to innovate among the streamers. Peers like Disney and Paramount keep trying to catch up. Netflix will continued to take market share.
They're the winner in streaming: profitable, have pricing power, adding content and the others are busy trying to catch up. He added on a pullback a few months ago but shares are not cheap now.
An interesting call and he wouldn't be surprised if YouTube became a leader. The only pull in live TV are live sports and business. The move into live sports, like WWE, is positive for Netflix; profits and not more subscribers has been their focus lately, while their content remains strong.
Likes it, but shares just had a very big run, so wait. The markets will give us pullbacks.
Netflix Inc. is a American stock, trading under the symbol NFLX-Q on the NASDAQ (NFLX). It is usually referred to as NASDAQ:NFLX or NFLX-Q
In the last year, 31 stock analysts published opinions about NFLX-Q. 24 analysts recommended to BUY the stock. 5 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Netflix Inc..
Netflix Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Netflix Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
31 stock analysts on Stockchase covered Netflix Inc. In the last year. It is a trending stock that is worth watching.
On 2024-05-17, Netflix Inc. (NFLX-Q) stock closed at a price of $621.
Has been buying shares. Current share price presenting value for long term investors. Clear leader in streaming. Investing in original content. Driver for higher earnings will be tighter password requirements (can't share with family). Subscriber numbers continue to increase. Expecting further stock price appreciation going forward. Expanding into other markets outside of USA. Good combination of growth and safety.