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RBC – NFLX outperform rating
“We reiterate our Outperform rating and $480 price target in the wake of solid Q1 results. Global Paid Sub Growth is still on track to accelerate Y/Y. Management remains confident in recent U.S. pricing increase. AND NFLX still has premium Revenue growth and Operating Margin expansion. Long-Term Buy thesis FULLY intact”
Morgan Stanley – overweight rating on NFLX
“We expect HSD global organic ARPU growth in ’19, and Netflix expects another year of record net adds. This pricing power is the result of years of investment in content, marketing and technology and speaks to Netflix’s scale. It is also the key to driving improved FCF trends and ultimately shares.”
Goldman Sachs – NFLX conviction list & buy rating, raised price target to $460 from $450
“As Netflix’s content investments, distribution partnerships and marketing spend drive subscriber growth significantly above consensus expectations and the company approaches an inflection point in cash profitability, we believe shares of NFLX will continue to significantly outperform. We remain Buy rated (on CL) and raise our 12-month price target to $460 from $450 to reflect faster subscriber growth expectations, particularly in international markets.”
Wolfe Research initiated Netflix as ‘outperform’ Thurs
Wolfe said it has a “more bullish view on the Disney versus Netflix debate.”
“We initiate NFLX with an Outperform and $442 PT. Our positive thesis has to do with:
1) NFLX’s unparalleled global scale; and
2) our more bullish view on the DIS-vs.-NFLX debate (we remind you we are positive on DIS and Disney+). ”
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