Yahoo Finance Today’s Research Reports on Stocks to Watch: Netflix, Inc. and Roku Inc.
NEW YORK, NY / ACCESSWIRE / March 6, 2018 / Shares of Netflix soared to a brand new high after scoring an Oscar win over the weekend and getting two price target increases from notable firms. Shares of Roku also saw a gain despite any remarkable news.
RDI Initiates Coverage on:
Netflix, Inc.
https://rdinvesting.com/report/?ticker=NFLX
Roku, Inc.
https://rdinvesting.com/report/?ticker=ROKU
Netflix, Inc. shares closed up 4.63% on nearly 19 million shares traded on Monday. The stock soared to a new high of $316.91 after the stock received not one, but two price target increases. The streaming giant also won its first Oscar over the weekend in the "Best Documentary Feature" category for "Icarus." The film is a profile of the recent Russian sports doping scandal. Eric Sheridan, an analyst for UBC wrote yesterday, "Increasingly building out its global production muscle and focusing on content that travels internationally, Netflix has emerged as a content powerhouse that is actively building a global moat." The firm raised its price target on the stock from $290 to $345. Tim Nollen, an analyst at Macquarie wrote, "Netflix is both a driver and a beneficiary of the 4K TV trend. Old TV's reach end of life and new TV viewers enter the marketplace, and while these TV buyers may already have Netflix, the availability of higher definition streams for existing Netflix content means re-tiering has a natural driver." Macquarie expects the number of 4K compatible TVs in North America to increase to 50% from 12% in 2016 by 2020.
Access RDI's Netflix, Inc. Research Report at:
https://rdinvesting.com/report/?ticker=NFLX
Roku, Inc. shares closed up 3.81% yesterday on about 3.3 million shares traded. There was no remarkable news from the company to explain the gain. It was last month that the streaming device maker reported its fourth quarter earnings report and 2018 outlook. Shares had lost as much as 28% due to the company's dismal forecast. Fourth quarter revenue was $188.3 million, which was higher than the $182.5 million that analysts anticipated. GAAP EPS at $0.06 was way ahead of the loss of $0.10 that analysts called for. Roku said that for the three months ending this month, it sees revenues in the range of $120 and $130 million. Wall Street was expecting $131 million. The company also forecast a net loss of $15 million to $21 million which was in line with the $19.2 million that analysts expect.
Access RDI's Roku, Inc. Research Report at:
https://rdinvesting.com/report/?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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