Midday movers: Alibaba surges, 3M sinks, and more

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Bank of America upgrades RTX Corp (RTX) to reflect better service execution

January 25, 2024 10:31 AM EST

Bank of America upgraded RTX Corp. (NYSE: RTX) to a Neutral rating (From Underperform) and raised their 12-month price target on the defense company to $100.00 (From $78.00) to reflect a better than expected execution in servicing contaminated powder-metal discs in Geared Turbo Fan (GTF) aircraft engines.

While Raytheon defense will likely continue to be pressured,... More

Verizon Communications (VZ) PT Raised to $50 at Tigress Financial Partners

January 25, 2024 9:03 AM EST

Tigress Financial Partners analyst Ivan Feinseth raised the price target on Verizon Communications (NYSE: VZ) to $50.00 while maintaining a Buy rating.

The analyst comments "We reiterate our Buy rating on VZ and increase our 12-month target price to $50 as 2023 was highlighted by strong subscriber and cash flow growth, completing a turnaround, and should see further acceleration in 2024, driving a recovery in revenue and cash flow growth, which, combined with its significant dividend yield, will continue to create a compelling investment opportunity. VZ recently reported Q4 results highlighting strong subscriber and cash flow growth... More

Netflix (NFLX) PT Raised to $555 at Citi

January 25, 2024 8:15 AM EST

Citi analyst Jason Bazinet raised the price target on Netflix (NASDAQ: NFLX) to $555.00 (from $500.00) while maintaining a Neutral rating.

The analyst comments "Netflix reported 4Q23 revenue, operating income, and net additions above consensus. Along with the print, management guided 1Q24 revenue of $9.24 billion,... More

Netflix (NFLX) PT Raised to $610 at JPMorgan

January 24, 2024 5:34 AM EST

JPMorgan analyst Doug Anmuth raised the price target on Netflix (NASDAQ: NFLX) to $610.00 (from $510.00) while maintaining a Overweight rating.

The analyst comments "We believe the combination of NFLXs strong 4Q performance & elevated profit profile, scale of 260M households yet w/considerable headroom, & critical step into more diversified content through the partnership w/WWE suggests that... More

Netflix (NFLX) PT Raised to $600 at Guggenheim, 'The Show Goes On!'

January 24, 2024 4:29 AM EST

Guggenheim analyst Michael Morris raised the price target on Netflix (NASDAQ: NFLX) to $600.00 (from $500.00) while maintaining a Buy rating.

The analyst comments "Surprisingly strong 4Q member additions and bullish 2024 commentary re-ignited acceleration expectations as Netflix beat our/cons. estimates for member additions,... More

Netflix (NFLX) PT Raised to $700 at Pivotal Research, 'This is What Winning Looks Like'

January 24, 2024 4:28 AM EST

Pivotal Research analyst Jeffrey Wlodarczak raised the price target on Netflix (NASDAQ: NFLX) to $700.00 (from $600.00) while maintaining a Buy rating.

The analyst comments "NFLX reported a high quality 4Q across the board subscriber beat driven by core US and Euro markets despite material price hikes in key markets (U.S./U.K./France) implying the ability to generate strong subscriber growth AND take price/expand margins a powerful combo. 4Q revenue, EBITDA and free cash flow were all stronger than expected and NFLX guided to stronger than expected... More

Raymond James on Netflix (NFLX): 'expectations have risen to match execution, with shares remaining fairly valued'

January 24, 2024 4:26 AM EST

Raymond James analyst Andrew Marok reiterated a Market Perform rating on Netflix (NASDAQ: NFLX)

The analyst comments "Netflix reported 4Q net adds figures well in excess of consensus expectations, driven by broadbased strength at the top of the user funnel combined with solid... More

Netflix (NFLX) PT Raised to $550 at Piper Sandler, 'Impressive Results Paired with WWE Partnership'

January 24, 2024 4:24 AM EST

Piper Sandler analyst Thomas Champion raised the price target on Netflix (NASDAQ: NFLX) to $550.00 (from $475.00) while maintaining a Neutral rating.

The analyst comments "Once again, Netflix delivered a solid quarter, with nearly all metrics ahead of expectations. Q4 paid net adds (13.1 million)... More

Netflix (NFLX) PT Raised to $600 at Evercore ISI, 'results that were materially better than high expectations'

January 24, 2024 4:22 AM EST

Evercore ISI analyst Mark Mahaney raised the price target on Netflix (NASDAQ: NFLX) to $600.00 (from $500.00) while maintaining a Outperform rating.

The analyst comments "Our View: We reiterate our Outperform on NFLX and raise our PT to $600 in the wake of Q4 EPS results that were... More

JPMorgan First Response to Netflix (NFLX) Earnings: 'Solid numbers here'

January 23, 2024 4:25 PM EST

JPMorgan First Response to Netflix (NASDAQ: NFLX) Earnings: 'Solid numbers here'

The analyst comments "NFLX (+6% post mkt): Solid numbers here with Q4 net adds a massive beat (all regions ahead) and the guidance at least in line with buyside across the board. The Q1... More

Fisker (FSR) to deliver remaining 2023 units in 1Q24, dealer-partner model gains traction

January 23, 2024 9:12 AM EST

Electric automaker, Fisker Inc. (NYSE: FSR) revealed Tuesday that the company expects to sell the remaining inventory of nearly 5,000 vehicles manufactured last year by the end of the first quarter as the companys newly introduced dealer-partner model has already attracted attention.

Over 100 potential dealers in the... More