Netflix: Jefferies on hold, cuts target price
(CercleFinance.com) - Jefferies has reduced its target price for Netflix shares to 230 dollars (from 243 dollars), while maintaining its "hold" rating on them, preferring to remain neutral on the video streaming giant "with little known and volatility rising".
"Our Netflix rating is based in part on the idea that potential near/medium term outcomes (growth rates & FCF margins) is the widest in our coverage," the broker says, however.
After running through calculations of consumption, subscriber estimates, advertising load and duration, Jefferies believes that "we'll end up with a net material positive impact" on the group's revenues.
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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.
"Our Netflix rating is based in part on the idea that potential near/medium term outcomes (growth rates & FCF margins) is the widest in our coverage," the broker says, however.
After running through calculations of consumption, subscriber estimates, advertising load and duration, Jefferies believes that "we'll end up with a net material positive impact" on the group's revenues.
Copyright (c) 2022 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.