Netflix stock gets a boost ahead of earnings after Deutsche Bank turns bullish

Netflix Inc. shares were enjoying a bump ahead of their Tuesday afternoon earnings report after an analyst at Deutsche Bank joined the bull camp.

Deutsche Bank’s Bryan Kraft upgraded the stock to buy from hold on Tuesday, writing of several long-term trends that could lead to further dominance for the streaming giant. The stock is up 2.6% in morning trading.Netflix NFLX, +2.66% continues to be a “magnet” for artist talent, according to Kraft, and the company has an opportunity to be more efficient about the projects it pursues.

He’s not sweating the fall launch of Walt Disney Co.’s DIS, -1.26% new streaming service. “Disney+ and Netflix do have some limited overlap, but Netflix is a much broader service with a content catalog that caters to a much greater diversity of tastes and genres, and with a much larger programming budget,” Kraft wrote. He doubts that many people will switch to Disney+ from Netflix “unless a given consumer’s use case for having Netflix has been limited to watching Disney films.

Netflix original content is near unwatchable except for Narcos and the occasional movie. Change in leadership skill set is needed. Hulu content is much more in line with what Netflix was 5 years ago. We have 4 folks streaming and almost 75% is now Hulu or Prime. Selling Netflix

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Berlin reveals contacts with Deutsche Bank amid merger talksDeutsche Bank's Chief Executive had a series of meetings with Germany'... ....merger als Resignation vor der falschverstandenen Digitalisierung. DeutscheBank
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »

Deutsche Bank CEO and chair to stay in top roles after possible merger: SpiegelDeutsche Bank's current Chief Executive Christian Sewing and Chairman Paul ... panjaros dvojnik?
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »

House Panels Subpoena Deutsche Bank, Others in Trump Finance InquiryTwo House panels have issued subpoenas to Deutsche Bank and other financial institutions, as Democrats continued to pursue an inquiry into President Trump’s financial interests. Unimaginable abuse of powers to target a political opponent. The Dems are just devious and divisive. The tension & division in America today is 100% because Trump won the elections. The Dems thirst to recapture power is causing problems for America lol I hope they laugh and send them a picture of a middle finger
Источник: WSJ - 🏆 98. / 63 Прочитайте больше »