Netflix Releases First-Quarter 2021 Financial Results

Netflix (NFLX) PT Lowered to $570 at Citi

Citi analyst Jason Bazinet lowered the price target on Netflix (NASDAQ: NFLX) to $570.00 (from $580.00) while maintaining a Neutral rating.

Netflix (NFLX) PT Lowered to $650 at Cowen

Cowen analyst John Blackledge lowered the price target on Netflix (NASDAQ: NFLX) to $650.00 (from $675.00) while maintaining an Outperform rating.

The analyst commented, "Paid net adds of 3.98MM came in below guide of 6.0MM, largely on COVID pull forward (FY20 net... More

Wells Fargo Reiterates Overweight Rating on Netflix (NFLX), 'Don't be Scared'

Wells Fargo analyst Steven Cahall reiterated an Overweight rating and $700.00 price target on Netflix (NASDAQ: NFLX)

The analyst comments "While old habits die hard, at 208mm subs we'd say a few million +/- is/should no longer be the driver of... More

Needham & Company Reiterates Underperform Rating on Netflix (NFLX), 'Multiple Compression Ahead'

Needham & Company analyst Laura Martin reiterated an Underperform rating and {REMOVEPT} price target on Netflix (NASDAQ: NFLX)

The analyst comments "NFLX reported 1Q21 revenue of $7.163B (up 24% y/y) and GAAP EPS of $3.75 (up 139% y/y). 1Q21 paid sub adds were light at... More

Netflix (NFLX) PT Lowered to $625 at Barclays, 'Bad quarter but de-risks rest of '21

Barclays analyst Kannan Venkateshwar lowered the price target on Netflix (NASDAQ: NFLX) to $625.00 (from $650.00) while maintaining a Overweight rating.

The analyst comments "We are now modeling 22.5mm net additions in '21, which when averaged across '20 and '21 implies 29.5mm net adds per year, a slightly higher pace than the ~28mm the company added in '18... More

KeyBanc Reiterates Overweight Rating on Netflix (NFLX), 'Reopenings May Benefit Content and Subs'

KeyBanc analyst Justin Patterson reiterated an Overweight rating and $650.00 price target on Netflix (NASDAQ: NFLX).

The analyst comments "We maintain our Overweight rating and $650 price target. Due to COVID-19 delaying content, Netflix counterintuitively screens as a reopening stock as the... More

Netflix (NFLX) PT Lowered to $600 at JPMorgan

JPMorgan analyst Doug Anmuth lowered the price target on Netflix (NASDAQ: NFLX) to $600.00 (from $685.00) while maintaining a Overweight rating.

The analyst comments "We believe NFLX is a key beneficiary and driver of the ongoing disruption of linear TV, with the companys content... More

William Blair Reiterates Outperform Rating on Netflix (NFLX)

William Blair analyst Ralph Schackart reiterated an Outperform rating and {REMOVEPT} price target on Netflix (NASDAQ: NFLX)

The analyst comments "At roughly $500 in after-hours trading, Netflix shares are down 9% in the aftermarket. While the company achieved record operating income and operating... More

BMO Capital Starts Netflix (NFLX) at Outperform

BMO Capital analyst Daniel Salmon initiates coverage on Netflix (NASDAQ: NFLX) with a Outperform rating and a price target of $700.00.

The analyst comments "NFLX fell short of 1Q subscriber guidance and 2Q net adds consensus as the tough comps proved too much.... More

Citi Reiterates Neutral Rating on Netflix (NFLX)

Citi analyst Jason Bazinet reiterated a Neutral rating and $580.00 price target on Netflix (NASDAQ: NFLX).

The analyst comments "Netflix delivered 1Q21 paid net adds below the Street and provided a 2Q21 net add guide of 1.0 million, which was well below expectations (We... More

Credit Suisse Questions if Netflix (NFLX) H2 2021 is a 'Clearing Event or Cautionary Sign'

Credit Suisse analyst Douglas Mitchelson reiterated a Neutral rating and $586.00 price target on Netflix (NASDAQ: NFLX).

The analyst comments "With shares indicated down 9% to the low end of its trading range, our downgrade thesis from last summer has come to fruition (COVID pull-forward; price increase... More

Raymond James Remains Sidelined on Netflix (NFLX) Noting Continued Pandemic Impact and Light Content Slate

Raymond James analyst Andrew Marok reiterated a Market Perform rating and {REMOVEPT} price target on Netflix (NASDAQ: NFLX).

The analyst comments "Netflix reported 1Q21 subscriber additions below consensus, while 2Q21 net add guidance was significantly below expectations. The net adds miss was... More

Netflix (NFLX) PT Lowered to $600 at UBS, 'Looking For Content Slate to Press Play on Sub Growth'

UBS analyst Eric Sheridan lowered the price target on Netflix (NASDAQ: NFLX) to $600.00 (from $650.00) while maintaining a Buy rating.

The analyst comments "While recent quarters & forward commentary continue to remain volatile due to the COVID impact on subs growth (pull forward/ delayed... More

Netflix (NFLX) PT Lowered to $600 at Piper Sandler, 'First Half Subs Flop, But 2H21 Content to Drive Improvement'

Piper Sandler analyst Thomas Champion lowered the price target on Netflix (NASDAQ: NFLX) to $600.00 (from $605.00) while maintaining a Overweight rating.

The analyst comments "NFLX reported a weaker 1Q21 print, with shares down 9% after hours. ARPU growth helped drive a 1% revenue beat, while... More

Oppenheimer Assumes Netflix (NFLX) at Outperform, 'Production Delays Transitory; Massive 2H Content Rollout Creates Favorable Backdrop'

Oppenheimer analyst Jed Kelly assumes primary coverage on Netflix (NASDAQ: NFLX) with a Outperform rating and a price target of $620.00.

The analyst comments "We are assuming coverage of NFLX, maintaining an Outperform rating and a $620 price target. We view the softer 2Q... More