According to Wedbush, they are maintaining their $40 price target on NFLX.
Netflix reports earnings on Wednesday and will likely have an impact on growth names this week. The company increased prices on its plans, and has the ability to do so without customers blinking an eye. Are you really going to cancel NFLX due to a dollar increase? I didn’t think so.
According to Webush they expect Q3 to exceed modest guidance, they expect Q4 subscriber guidance to be in-line with estimates, but are concerned with increasing competition from AMZN and Hulu.
I have no dog in this fight and regrettably do not own any shares in NFLX, but according to Wedbush, and their absurd price target, they see NFLX trading lower.
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if you had a position in $NFLX, how would you play earnings?
If I had a nice cushion, I would hold. If I was any only for a trade, I would likely exit. If I had a longer term view, I would add on weakness on report.
I think they beat, big. Just my humble opinion though.
RC – AAL hit my target of 43.75 – I’m out. Easy Exodus money.
U nailed it! Got a nice tailwind from crude. Love it @buccs
Seasonality. What an edge. Thanks, RC. Your post last week was the motivator.
Excellent sir.