![]() “Mainly driven by management commentary around content spend being lower than our relatively conservative expectations, we raised our earnings before interest, taxes, depreciation and amortization and free cash flow forecasts,” which led to the price target increase, Pachter noted. A couple of them upgraded their stock price target though.įor example, Pivotal Research Group analyst Jeffrey Wlodarczak reiterated his “buy” rating on Netflix, while boosting his stock price target by $25 to $425 in a report entitled “Unique Growth Story.” Most experts didn’t come away with their minds, or stock ratings, changed. With much to digest for Wall Street, analysts got a chance to dig deeper into data points supporting their bull or bear arguments, or dissect both. Minutes into Wednesday’s trading session, Netflix shares were down 3.7 percent at $321.32. 'Reptile' Director Talks Helming an Emotion-Driven Crime Drama: "I Was Trying to Evoke a Feeling" having its turn beginning in the second quarter. And management said that it would be forging ahead with its account-sharing crackdown, which rolled out in Canada, New Zealand, Portugal and Spain in February, with the U.S. It was also the first quarter since the streamer stopped providing guidance for subscriber numbers, instead focusing on revenue. Reporting earnings and other figures for the first time since Reed Hastings moved from the co-CEO to the executive chairman role, Netflix started the year by adding 1.75 million subscribers during the January-March quarter, bringing its global subscriber count to 232.5 million. Well, the same can be said about the global streamer’s first-quarter results and management’s outlook late on April 18 following much Wall Street talk about the company’s password-sharing crackdown and launch of an advertising tier. Netflix and other big streaming services like to tout that they have something for everyone in their programming offering.
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