|Day's range||69.76 - 76.86|
At a conference in 2015, Netflix (NASDAQ: NFLX) CEO Reed Hastings famously predicted, "We will come to see that linear TV declines every year for the next 20 years and that internet TV rises every year for the next 20 years." Viewing hours on streaming services like Netflix and Roku (NASDAQ: ROKU) have boomed during the pandemic as consumers have been stuck at home. At the same time, linear TV and movie theaters are reeling from COVID-19.
This week, Netflix (NASDAQ: NFLX) will help kick off earnings season. The streaming media company is slated to report its second-quarter results on Thursday, making it one of the first megacap stocks to report earnings for the second calendar quarter of 2020. Given a combination of strong price appreciation for the stock and uncertainty surrounding how lockdowns impacted Netflix during the quarter, the stock could move big in either direction following its upcoming Q2 report as investors digest new information from the company.
With so many people staying home during the COVID-19 pandemic and needing to entertain themselves, Netflix (NASDAQ: NFLX) has emerged as an inadvertent beneficiary of the public health crisis. Goldman Sachs released a bullish note on Friday, reiterating a conviction buy rating on the stock. The analyst believes that Netflix enjoyed record quarterly app downloads in the second quarter, with year-over-year growth in downloads hitting the highest levels since early 2016.
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Netflix (NASDAQ: NFLX) shares were flying higher today after investors woke up to a full-throated endorsement from Goldman Sachs. Analyst Heath Terry raised his price target on the stock from $540 to $670, and once again said it was on his Conviction Buy list. With second-quarter earnings on tap next Thursday, Netflix shares have been rallying into record territory as analysts weigh in with mostly bullish calls ahead of the report.
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In this episode of the Motley Fool Answers podcast, hosts Alison Southwick and Robert Brokamp reveal three lessons related to the unveiling of The Motley Fool's new logo, including one from the best-performing stock of the past 25 years. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks.
Netflix (NASDAQ: NFLX) may be playing it conservative by estimating it will add only 7.5 million new subscribers in the second quarter, less than half the number that signed up in the first, but Wall Street isn't buying it. Goldman Sachs (NYSE: GS) analyst Heath Terry says app downloads hit a record during the period as the streaming giant continued to add new content. The analyst also believes that analysts' consensus estimates for Netflix's earnings in the back half of 2020 and beyond are too low, so he's raised his price target on the streaming service provider to $670 a share, or 32% above where the stock closed Thursday.
The stock market has been resilient even in the face of ongoing uncertainty about the future of the economy, and Friday morning was no exception. Subscriptions could rise by 12.5 million or more during the quarter.
Investor enthusiasm is hitting a higher gear for Netflix (NASDAQ: NFLX) ahead of the streaming video giant's second-quarter earnings report on July 16. Shares pushed further beyond $500 on Friday after Goldman Sachs boosted its short-term price target to $670 per share to mark the highest such forecast from a Wall Street firm covering the stock.
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Here are two stocks that might do just that: Exelixis (NASDAQ: EXEL) and Netflix (NASDAQ: NFLX). Its revenue largely depends on just one product: Cabometyx, a tyrosine kinase inhibitor (TKI) that specifically targets cancer cells. This cancer drug is approved for the treatment of renal cell carcinoma (RCC), a type of kidney cancer, and hepatocellular carcinoma (HCC), a form of liver cancer.
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Stocks abruptly turned negative Thursday as fears over the economic outlook following an increase in coronavirus cases resurged. The Dow and S&P 500 wiped out their week to date gains.
Netflix (NASDAQ: NFLX) is set to report second-quarter earnings on July 16, and the news could lift the streaming platform's per-share price even further past the all-time high it just hit above $500. Also, churn plays a role in Netflix's net additions, and defections have likely fallen during the crisis as there are few other entertainment outlets available.
Netflix (NFLX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In the latest trading session, Netflix (NFLX) closed at $502.78, marking a +1.95% move from the previous day.
NFLX stock is up 55% in 2020. So now let's see if investors should consider buying the soaring streaming firm ahead of its second quarter earnings release on July 16...
It's tempting to compare Spotify's (NYSE: SPOT) recent push into original podcast content to Netflix's (NASDAQ: NFLX) wildly successful expansion into original video content. The Swedish music streaming leader has even directly encouraged such comparisons. Former CFO Barry McCarthy, who had previously served as Netflix CFO and retired earlier this year, put it bluntly last October: "So streaming was to Netflix as podcasting is to Spotify."
Amazon.com (NASDAQ: AMZN) is finally bringing the account-profile feature for its Prime Video service to the U.S. The feature is a standard on Netflix (NASDAQ: NFLX) and Disney's (NYSE: DIS) new Disney+ service. Amazon began rolling out the account enhancement earlier this year in India and some countries in Africa and Asia, but it was launching the feature in phases to the rest of the world.