Meanwhile, Pivotal Research Group analyst Jeffrey Wlodarczak in a June 9 report raised his stock price target for Netflix to a street-high $535, while maintaining his “buy” rating. Netflix’s paid sharing and AVOD tier should drive revenue upside over time.” and Germany plan to maintain access to Netflix via either becoming a new member or the existing member paying an extra fee. In his report, titled “Netflix Paid Sharing Likely Helping Conversions,” he shared his firm’s survey data, explaining: “More than a third of ‘borrowing’ respondents across the U.S., U.K. TD Cowen’s John Blackledge on June 15 raised his financial estimates for the streaming powerhouse and boosted his stock price target by $60 to $500, while sticking to his “outperform” rating. ![]() And Cahall similarly in a late May report said Lionsgate was “among the best setups in media.” He raised his stock price target by $1 to $13 and maintained his “overweight” rating, highlighting: “We continue to like the setup for Lionsgate as it will spin Studios in September, creating a likely consolidation target larger media players.”Ī bull market in tech stock left Netflix feeling Wall Street love and support as of late, and its shares gained 49.4 percent in the first half of the year to close Friday up $12.25, or 3 percent, to $440.49. Stronger-than-expected financial results and an upcoming split into two companies, scheduled to happen around September, have made Wall Street analysts bullish. “We see these steps making it easier for the separated Starz and studio businesses to be acquired, and see the potential for the studio business alone to be valued meaningfully north of where Lionsgate’s equity currently trades,” Rosenblatt Securities analyst Barton Crockett noted in a report earlier this year. That’s after a 100 percent jump for its share price posted during the first three months of 2023. Lionsgate shares finished the first half of 2023 around 60 percent higher as its stock closed down 26 cents, or 3 percent, at $8.82 on Friday. “Spotify is a better business, but not yet a great business. We see the path to our new target as Spotify largely proving it’s sustainably profitable.” ![]() “Spotify’s commitment to margin improvement is picking up pace,” Wells Fargo analyst Steven Cahall wrote in February when he upgraded the stock from “equal weight” to “overweight” and boosted his price target from $121 to $180. Layoffs and other cost cuts have given Wall Street more confidence in the company’s profit outlook. Music streamer Spotify was one of the big gainers of the first six months of 2023, ending the half-year period up 103 percent as of Friday’s market close up $1.38, or nearly 1 percent, at $160.64. ![]() Korean Actress Park Eun-bin to Star in Netflix K-Drama 'Castaway Diva'
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