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Netflix, Inc. (NFLX)
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July 10th, 2020, Goldman Sachs raises Netflix price target to $670. How did that upgrade work out?
Listening to the first 15 minutes I had to stop. These guys say they are focused on delivering value to customers but they are publicly traded and have an obligation to shareholders as well. They gave no clear answer on how they expect to maintain revenue growth. They indicated price increase possible but no specifics. They seem to think as long as they are delivering value to customers everything is fine. They are focusing on the long term but it’s tough for shareholders to understand how you missed during pandemic. I think they have a good plan for the long run but you have to support shareholders too.
whenever NFLX goes low; it turns itself around and goes high. that's a fact, jack.
Why Did The CEO Recently Sell 16 Million $ Of Stock? "Cuties"?
Something to keep in mind.....
“For the full year 2020, we forecast [free cash flow] to be approximately $2 billion, up from our prior expectation of break-even to positive,” Netflix wrote. “We expect our FCF profile over the coming years to continue to improve as we increase our profitability and our transition to the production of Netflix originals matures.”
“With $8.4 billion in cash on our balance sheet at the end of the quarter plus our $750m credit facility (which is undrawn), our need for external financing is diminishing.”
The exact numbers aren’t the important part. Here’s the bottom line:
Netflix is no longer burning cash.
There is to many other choices in streaming now, if I own any stock I would take my money and run, because there is no way this stock is worth this much.
Less competition: Quibi folds...
“Jeffrey Katzenberg’s video streaming service Quibi is shutting down, said a person familiar with the situation, bringing down the curtain on the short-form video streaming service just six months after it launched.
The closure is a stunning end to Katzenberg’s hopes of creating a new category of video entertainment, short programs of a few minutes in length that could be watched on the go. Katzenberg, a former Disney executive who later helped start DreamWorks, raised nearly $2 billion to finance Quibi.”
And just think, investors have yet to internalize that this company is STILL cash flow negative with hundreds of millions of subscibers! The earnings are phony because they recognize subscriber income immediately but amortize production costs over many years, even when the shows are a bomb.
Interest has faded. No pop at the open, just a little jam higher to unload some shares. Looks like stop hunting is today's mm strategy.
Always Long NFLX, it would be cool if they added AR tech to their system, the AR sector is starting to boom, NEXCF and IPNFF are the only two companies in the market that sell augmented reality as a product, this is exciting stuff, smart folks will understand the potential...GLTA..know what you own.
$500 a share for a Company with nothing but uninteresting cheap Movies. I would not even pay for this I use my friends password
Netflix is FAANG & S&P500 Stonk its a class commodity if you want to win a lotto this is not the stock for you. then again even in a lotto case you lose only 5%. stay long stay steady. I am HODL Netflix.
series and movies on this platform are a pesticide
I’ll be selling but good luck to y’all longs. Wall Street is never happy with Netflix after earnings even after a beat, they always have something to complain about that drops the stock price
Buy the dip. Price target raises and Buy or Outperform ratings across the board.
Netflix price target raised to $700 from $625 at BMO Capital, Outperform
Netflix price target raised to $660 from $650 at Pivotal Research, BUY
Netflix price target raised to $640 from $630 at Morgan Stanley, overweight
Netflix price target raised to $630 from $610 at RBC Capital, Outperform
Netflix price target raised to $630 from $534 at Piper Sandler, Overweight
Netflix price target maintainted at $570 at Deutsche Bank, BUY
Netflix price target raised to $550 from $515 at Oppenheimer, outperform
Killer competition, huge debt, bqrely profitable and a constant earnings misser and the stock is at ATH level......
“For the full year 2020, we forecast [free cash flow] to be approximately $2 billion, up from our prior expectation of break-even to positive,” executives disclosed. “This change is due primarily to our higher operating margin expectation for 2020 and the timing of cash spending on content.”
Poor money donators. You know who set you in
Shares of Netflix Inc. NFLX, are up 1.9% in Wednesday morning trading after Goldman Sachs analyst Heath Terry upped his price target on the stock to $670 from $600. The new target is higher than all those listed on FactSet. Terry expects Netflix to deliver better-than-expected third-quarter results when it reports earnings Tuesday
Did you guys notice....Just 2 minutes after the market closed, the stock started diving down, and just 5 minutes after the market closed, the earnings report was already out.
How strange is that!!!!
All the big players already knew it and small players like us paid a heavy price for holding.
Too many people cancel subscription over cutie?
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