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0.000151691358648941 0.000455074075946824 0.000455074075946824 0.000455074075946824 0.000455074075946824 0.000455074075946824 0.000455074075946824 0.000455074075946824
Stock impact report

Why Netflix stands to get richer after losing Warner Bros. bidding war [Yahoo! Finance]

Netflix, Inc. (NFLX) 
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Company Research Source: Yahoo! Finance
Netflix stock is up roughly 6% over the past five days. The standout performance suggests investors are cheering on the streaming giant's plan for aggressive price hikes, a pivot into live sports, and a growing ad business. Goldman Sachs upgraded the stock to a Buy with a $120 price target on Monday. "In our view, [the] NFLX strategy will revert back to 'business as usual' which in practical terms, translates into organic growth, investing in content and scaling their relatively new advertising business," Bank of America analyst Jessica Reif Ehrlich said in a note to clients. Ehrlich added that Netflix stock will be "fueled by continued positive subscriber and earnings momentum in addition to a long runway for advertising and live opportunities." The bullishness comes after Netflix bowed out of its $83 billion deal in late February after Paramount Skydance ( PSKY ) placed a $110 billion bid. The move eliminated the heavy debt and integration headaches of legacy media and helps Show less Read more
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