Netflix: Credit Suisse maintains 'outperform' rating
(CercleFinance.com) - Credit Suisse maintains its "outperform" rating on the Netflix stock, with a target price of 440 dollars, saying that its outlook remains "healthy.
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In a note sent to clients, the broker writes that it expects the group to post "in line" first-quarter results on 16 April, forecasting a record 8.9 million paid net global additions, up 8%.
Credit Suisse also expects revenue growth to accelerate each quarter over the rest of 2019, reaching 34% in the fourth quarter.
It also notes that Netflix's upcoming content slate includes numerous key titles this year, headlined by the season 3 of Stranger Things in July, along with a dramatic ramp-up of original releases.
Finally, competitive threats remain limited, the broker says, with the latest news being that Apple's new SVOD service just has a limited number of original content on its launch.
Netflix shares are currently up 0.3% at 368.8 dollars on the Nasdaq.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"
In a note sent to clients, the broker writes that it expects the group to post "in line" first-quarter results on 16 April, forecasting a record 8.9 million paid net global additions, up 8%.
Credit Suisse also expects revenue growth to accelerate each quarter over the rest of 2019, reaching 34% in the fourth quarter.
It also notes that Netflix's upcoming content slate includes numerous key titles this year, headlined by the season 3 of Stranger Things in July, along with a dramatic ramp-up of original releases.
Finally, competitive threats remain limited, the broker says, with the latest news being that Apple's new SVOD service just has a limited number of original content on its launch.
Netflix shares are currently up 0.3% at 368.8 dollars on the Nasdaq.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.