Netflix Stock Surges To 9-Month High As Wall Street Cheers Q4 Subscriber Gains, Smoothly Executed Succession Plan

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Netflix stock closed the week at its highest level since last April, rising more than 8% Friday to end at $342.50 after the company reported strong subscriber growth and executed a smooth handoff atop its executive ranks

Netflix stock closed the week at its highest level since last April, rising more than 8% Friday to end at $342.50 after the company reported strong subscriber growth and executed a smooth handoff a…

Wall Street analysts raised their price targets on the shares after the earnings and executive comments.Published Fri, Jan 20 2023 8:38 AM EST WATCH LIVE Here are Friday’s biggest calls on Wall Street: Mizuho reiterates Amazon as buy Mizuho said it’s standing by its buy rating on the e-commerce giant.Genius Group Ltd.10:15.

Reaction by investors was almost the mirror-opposite of the one after two dismal quarterly reports early in 2022.“Netflix represents a frankly unique tech growth story and remains well positioned to generate solid subscriber and revenue/free cash flow growth even given the reasonably high chance of a global recessionary environment,” wrote Pivotal Research’s Jeffrey Wlodarczak in a note to clients.” Barclays upgrades Ralph Lauren to overweight from equal weight Barclays said Ralph Lauren is a “best-in-class” apparel brand.As far as the change in leadership, “We don’t love that Reed H.B.is stepping back to a more strategic role,” but he added that the shift supports Pivotal’s thesis that the company could be building toward a sale by 2025.” Read more about this call here.(Microsoft, which is already Netflix’s advertising partner, is a leading candidate for a takeover, per Wlodarczak.

) For Michael Morris and his colleagues at Guggenheim, “We see Peters as offering complementary skill set to incumbent co-CEO Ted Sarandos.”We are upgrading REGN to OW from N ahead of a number of important 2023 updates.The stock rose a record 290% on Thursday in heavy volume and saw 7.” The firm reiterated its “buy” rating on the stock, boosting its 12-month price target to $375 from $305.Jessica Reif Ehrlich of Bank of America, who was the analyst chosen to moderate Netflix’s quarterly earnings interview on Thursday, followed with a note reaffirming her “buy” rating and upping her price target to $410 from $375.Morgan Stanley upgrades PagerDuty to overweight from equal weight Morgan Stanley said it sees better profitability ahead for the cloud computing IT company.She cited positives like subscriber momentum and guidance from management toward $3 billion in free cash flow in 2023, well above her prior expectations.B.The changing of the executive guard is a non-factor, as she sees it.At ~4x CY24 sales, we think shares undervalue PagerDuty’s ability to sustain 20% growth, expand margins and generate FCF.

“Netflix appears to have been planning for this succession for several years and we do not expect this leadership transition will disrupt the company’s strategic direction or execution,” she wrote.Not everybody viewed Thursday’s results through Red Notice -tinted glasses.MKM downgrades Pinterest to neutral from buy MKM said it sees a more balanced risk/reward outlook for Pinterest.The company is also issuing a special dividend to shareholders to help expose the wrongdoing.MoffettNathanson’s Michael Nathanson continues to rate the stock “market perform,” or neutral.In a note to clients, he acknowledged that it seems that “the good vibes are back” after a rocky period.Furthermore, our proprietary ad agency survey results have marginally negative read-throughs for Pinterest as compared to Facebook, Instagram, YouTube, and Snap, implying a potential market share loss amidst a somewhat weak ad spend market in 1H23.But he cautioned in a note to clients that the stock “has run too far and too fast given the fundamentals.

” Must Read Stories.”the big question is whether order trends remain ‘sticky’, as US deliveries were already expected to grow +50-60% YoY to 750-800k.

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Here are Friday’s biggest analyst calls: Netflix, Tesla, Apple, Coinbase, Tesla, Ralph Lauren & moreHere are Friday’s biggest calls on Wall Street. Blah blah blah Boycott Tesla Pro Why!? What Apple does besides improving what others developed 5-10 years ago!? They dont deserve any investment from ppl looking for tech innovation. Apple is revenue hunting slowly dying dinosaur. That’s why my iphone is covered by dust and my Android running 2 apps at once

Genius Group stock up another 52% in premarket trade Friday in heavy volumeGenius Group Ltd. stock rallied another 52% in premarket trade Friday, extending its prior-day gains after the Singapore-based education company announced it… It’s a grenade but hot. Anyone holding this is brave. Take them profits $gns

Friday, Jan. 20, 2023: Cramer wants to load up on this stockJim Cramer and Jeff Marks share why they believe the tech resurgence could be here to stay. Jim says these companies are starting to become more attractive as they continue trimming their workforces. Jim also explains why he’s loving a new addition to the Charitable Trust, and is ready to keep buying more shares when the timing is right. Boycott Tesla

Stock Market Today: Dow Gains 250 Points; Netflix Stock Price JumpsA rally in tech shares led Wall Street higher Friday, with the Nasdaq up 2.6%. The Dow and S&P ended the week lower, their first weekly declines this year.

Stocks close higher Friday, Nasdaq notches third straight week of winsStocks rallied on Friday to finish the week strong after briefly losing the momentum of the January rally. The Dow gained 1.00%. The S&P 500 rose 1.89%. The Nasdaq popped 2.66%. More Santoli please. He’s good. ClosingBell The commodity speculators must be laughing their butts off, they have the whole planet running around crazy

Reed Hastings to step down as Netflix co-CEO, stock leaps as subscriber additions beat expectationsNetflix Inc. added more subscribers than expected in the final quarter of 2022, sending shares higher in late trading Thursday even as founder Reed Hastings… 607 million and now 55 million nearly 90% less and $nflx is up! You can’t make this up $fubo merger I hear ?

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