Morgan Stanley upgrades Netflix after blowout earnings, sees 20% upside potential

Morgan Stanley hiked its rating on Netflix following the streaming giant's stellar earnings report, seeing the shares potentially rising 20% on strong revenue growth. The Wall Street firm's analyst Benjamin Swinburne upgraded Netflix to overweight from equal weight Thursday, while raising his 12-month price target to $475. The new forecast represents 20.6% upside from Thursday's trading level around $394.

mountain Netflix Morgan Stanley praised Netflix's "strong operational execution and improving return on content spend." Meanwhile, the bank said Netflix has a clear framework for investors to consider how it balances investing while driving profit margins. "Against this rising anxiety and falling stock price, the business has been accelerating, the password crackdown is working, and the competition has pulled back," Swinburne said.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Morgan Stanley earnings: What to expectMorgan Stanley may see a boost to its trading revenue, with its wealth management business also in focus
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »

Morgan Stanley is set to report third-quarter earnings — here's what the Street expectsMorgan Stanley has managed to avoid the turbulence afflicting some of its rivals.
출처: NBCLA - 🏆 319. / 59 더 많은 것을 읽으십시오 »

Morgan Stanley is set to report third-quarter earnings — here’s what the Street expectsMorgan Stanley has managed to avoid the turbulence afflicting some of its rivals.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Morgan Stanley earnings are out – Here are the numbersMorgan Stanley has managed to avoid the turbulence afflicting some of its rivals.
출처: NBCLA - 🏆 319. / 59 더 많은 것을 읽으십시오 »

Morgan Stanley Profit Tops Wall Street Expectations Amid 'Mixed' Market EnvironmentThird-quarter profit at the investment bank slides 8% to $2.4 billion.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »