the market has deteriorated in 2019, and KeyBanc Capital Markets it suggests that the emerging earnings report of the vision company may not do enough to move the needle in this regard.
The rear story. Netflix stock (ticker: NFLX) is up to 7% year so far by Friday closing, compared to more than 17% increase for
and dual-digit gains for the other four stocks comprising a cohort of FAANG— t
(AAPL), and Google parent Alphabet (GOOGL). These investors are spooked by subscribers unwanted figures, increasing competition, increased content costs, prolonged optimism on the Street, and its international growth perspective. (Barron who warned in July that there was a battle up the hill in front of the stock.
What's new. KeyBanc analyzes Andy Hargreaves see Netflix ahead of the company's upcoming earnings report, to be done Wednesday. He writes that the near-term profile of remuneration for the stock looks neutral, even as there is a higher chance that the share will bounce from in-line results after the previous quarter's disappointment. He is more concerned that Netflix is more likely to lose another, and reiterated a Sectoral Weight rating on the shares.
Looking forward. Hargreaves still likes the long-term outlook for Netflix's stock, but writes “it would like to see more evidence of stability in investment efficiency or strong elasticity around lower price plans to be more positive. shares. ” t
It is also difficult to be excited about the stock, he writes, taking into account that competition from intensely questioned competitors
(DIS) and Apple starting to heat, and will remain an area of intense investor focus.
It is far from the single-skeptic Netflix shares were controversial of late, and two Netflix bulls recently reduced their price targets on the stock ahead of earnings.
Write Teresa Rivas at email@example.com
.Leave a comment