This is a big wedge forming up, I feel this is a great time to start watching for a potential break out to the upside. Broader markets permitting:
Netflix (NFLX) Stock Price Target Cut at Nomura NEW YORK (TheStreet) -- Netflix (NFLX) stock price target was lowered to $115 from $125 at Nomura before Monday's market open as analysts, which maintained a "buy" rating on the stock, and expect the second half of 2016 to be pressured by tough comparisons from last year. "We believe that Netflix's international launches in 2H15 (Japan in 3Q15 and Southern Europe in 4Q15) may presage difficult YoY growth comparisons for international subscriber addition estimates in 2H16," Nomura analysts wrote in a note released before today's market open. The second half of 2016 will also face modest headwinds from the increase in domestic prices that may have affected net additions in the U.S. "While we maintain our bullish long-term view, given how focused NFLX investors remain on the near-term international subscriber additions trends, we are inclined to modestly lower our target price to $115," analysts added. Shares of Los Gatos, CA-based Netflix are up 1.05% to $95.45 in mid-morning trading on Monday. Separately, Netflix has a "hold" rating and a letter grade of C+ at TheStreet Ratings because of the company's robust revenue growth, expanding profit margins and solid stock price performance, which offsets generally higher debt management risk, disappointing return on equity and premium valuation. Source: https://www.thestreet.com/story/13612985/1/netflix-nflx-stock-price-target-cut-at-nomura.html
Curious to see if this selling can get us back below 90. Thats a lot of bouncing between the lines recently.
barrons and wedbush in Jan 2015 said nflx will go to 40 . It went to 133..Just so u know how much u should value their analysis
Are we expecting NFLX to outperform expectation or underperform? Didn't hear anything about it in a while.
Netflix posts earnings of 9 cents a share vs. 2 cents expected Netflix reported quarterly earnings that beat analysts' expectations on Monday, but it posted subscriber numbers that missed its own guidance. The company said it added 1.7 million subscribers during the quarter, below its own expectations of 2.5 million. Analysts expect the company to post earnings of 2 cents a share on $2.11 billion in revenue, according to a consensus estimate from Thomson Reuters. Netflix previously said it expects to add 2.5 million members overall in the second quarter. The company expects the majority of those new members, 2 million, to come from outside the U.S. The stock has struggled this year, falling 14 percent, as analysts raise concerns about growing competition, slowing subscriber growth and the company's cash burn. CEO Reed Hastings has said that the company expects to spend about $6 billion in cash on content in 2016. Those that remain bullish on Netflix say international subscriber growth is the future of the company. Angel investor Jason Calcanis recently told CNBC that although the stock is expensive, it's a "juggernaut of a business" that isn't "going anywhere." Netflix shares currently trade at a price-to-earnings ratio above 300 on a trailing 12-month basis. "So Netflix might be expensive right now and they may be faced with a lot of competition, but when we're here five years from now or 10 years from now, Netflix will have hundreds of millions, a quarter billion, 500 million subscribers in the United States and internationally combined," Calacanis said. Read more: http://www.cnbc.com/2016/07/18/netflix-reports-second-quarter-2016-earnings.html
