Evercore analysts cut the price target on Netflix stock to $500 from $550, but kept an Outperform rating. They noted comments from management at a conference...
Netflix stock fell 10% last week, and one analyst team believes they know what helped trigger the decline.
Netflix stock is 0.1% higher to $ 397.38 in Monday morning trading, and sports a year-to-date gain of 35%. Newsletter Sign-up Pivoting to advertising revenue, there’s enough industry demand for Netflix ad inventory, but not enough supply, the analysts continued. “This is a heckuva better problem to have than the contrary,” they added. “And it is a problem that will be addressed over time, as awareness of and selection of Neflix’s ad-supported offering increases.”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
We're picking up shares of this tech stock after an unwarranted sell-off last weekThe double-digit percent drop was an overreaction and a clear-cut buying opportunity.
Read more »
| Azul Azul S.A. Stock Quote (Chile: Santiago)AZULAZUL | Complete Azul Azul S.A. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
Read more »
Tyler Technologies Stock Price Today | NYSE TYL Live TickerView today's Tyler Technologies Inc stock price and latest TYL news and analysis. Create real-time notifications to follow any changes in the live stock price.
Read more »
Host Hotels & Resorts Stock Price Today | NASDAQ HST Live TickerView today's Host Hotels & Resorts Inc stock price and latest HST news and analysis. Create real-time notifications to follow any changes in the live stock price.
Read more »
J.B. Hunt Stock Price Today | NASDAQ JBHT Live TickerView today's JB Hunt Transport Services Inc stock price and latest JBHT news and analysis. Create real-time notifications to follow any changes in the live stock price.
Read more »