Yahoo Finance Today’s Research Reports on Stocks to Watch: Netflix and Roku
NEW YORK, NY / ACCESSWIRE / October 2, 2018 / It was a day of gains for streaming giant Netflix and streaming device maker Roku after the companies received bullish notes and price target increases from analysts.
RDI Initiates Coverage on:
Netflix, Inc.
https://rdinvesting.com/news/?ticker=NFLX
Roku, Inc.
https://rdinvesting.com/news/?ticker=ROKU
Netflix, Inc. shares were up nearly 2% on Monday as traders learned that Credit Suisse has upped its price target on the stock. Credit Suisse analyst Doug Mitchelson has bumped his price target to $470 and wrote that Netflix's content slate "is shaping up to be meaningfully stronger" next year than it is this year. He also said, "This bodes well for 2019 subscriber growth as scaling quality content should benefit both marketing and churn." He added, "While predicting a new hit in 2019 is difficult, the year will see an increased number of new releases, or more 'swings at the plate,' and, at a minimum, Netflix will not face a difficult comparison like 2Q18's struggle vs. 2Q17's '13 Reasons Why' debut." Mitchelson has reiterated an "outperform" rating on the stock. In other news, Netflix is set to develop more interactive content, which includes an upcoming episode of Black Mirror, according to Bloomberg. Bloomberg reported that one episode of the show will allow viewers to decide which direction they want the story to go. The stock hit over $384 per share for the first time since July 17th yesterday, which was the day after Netflix reported its second quarter results.
Access RDI’s Netflix, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=NFLX
Roku, Inc. shares were up nearly 5% on Monday on nearly 8 million shares traded. The stock soared to a high of $77.56 after getting a price target increase from an analyst at Needham. Laura Martin has upped her price target on shares from $60 to $85, making it the highest listed on FactSet. Martin prefers Roku over Netflix shares, "owing to its better margins, lower content risk, event upside and better competitive profile." Martin also believes that Roku benefits from the addition of new over-the-top channels while Netflix must compete against them. She has a "buy" rating on the stock. In the last three months, shares of Roku have soared 77%.
Access RDI’s Roku, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=ROKU
Our Actionable Research on Netflix, Inc. (NASDAQ: NFLX) and Roku, Inc. (NASDAQ: ROKU) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
