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Revenue Growth Will Be a Key Focus for Netflix in 2024

3 years ago
Though investors will have to wait until next month to get a full-fledged quarterly update on Netflix (NASDAQ: NFLX), there's a lot of good information to digest in the meantime, thanks to an in-depth interview with the company's Chief Financial Officer Spencer Neumann by Bank of
The Motley Fool

Disney Stock NYSE:DIS): Deep Value Hiding in Plain Sight

3 years ago
Shares of media and entertainment giant Disney ( NYSE:DIS ) have continued to be a massive laggard this year, with shares down more than 6% year-to-date and more than 57% off all-time highs. It's been non-stop negative headlines that have fueled the descent in shares, but for the brave and patient dip-buyers willing to be contrarians, I think there's a great deal of value to be had in the name as it hides in plain sight in the Dow Jones Industrial Average Index ( DJIA ). Like many Wall Street analysts, I'm staying bullish on Disney stock. However, I do acknowledge that the road ahead could continue to be excruciatingly painful. More Bad News for Disney Stock Has Fueled Negative Momentum It's hard to believe that Disney hasn't been able to put in a bottom this year as most other Dow Jones firms have. The media world continues to be under considerable pressure, and it doesn't look like streaming will be able to help turn the tide. Moving from the traditional media model to streaming has entailed considerable expenditures for Disney and its media peers, who may have been forced to show up a bit late to the streaming game. With Hollywood strikes weighing heavily, the entire media industry looks like dead money right now. Add the recent feud with Charter Communications ( NASDAQ:CHTR ) into the equation (a dispute between the two caused Disney to temporarily revoke Charter's Spectrum customers from accessing its channels), and it seems like only bad things can happen to Disney. Though Disney and Charter recently agreed to terms, putting an end to the recent cable blackout, the whole fiasco seems to have cast a dark shadow over the cable television market, whose days may very well be numbered. Further, it's not hard to imagine that the short-lived cable blackout has upset millions of football fans during the NFL's season debut. In any case, the wave of bad news should eventually turn in due time. Just like the Disney-Charter feud, the Hollywood strike will come to an end in time, and when good news starts flowing in for a change, it may have a bigger impact on the stock. At the end of the day, Disney stands out as one of the kings of content, and it's strong content that I believe will ultimately prevail when it comes to streaming. Disney+: The Long Game is the Only One Worth Playing at This Juncture The streaming market has significantly evolved in recent years. Despite ongoing challenges, Disney appears to be strategizing for the long term with its Disney+ platform, scheduling a steady flow of content releases while subtly shifting its focus towards enhancing its profitability. Indeed, taking the foot off the "growth-at-any-cost" gas pedal may be key to staying afloat through a few more years of elevated interest rates. While Disney+ may not be poised to significantly challenge Netflix's ( NASDAQ:NFLX ) dominance in the streaming space in the short term, especially in terms of generating lucrative returns from streaming, it appears that the streaming throne remains Netflix's to lose. Recently, Netflix was named as the "most frequently" canceled streaming service, according to a survey conducted by Vorhaus Advisors. For now, investors don't seem focused on the long game in the slightest, at least when it comes to the streamers. For instance, Netflix stock tanked by 5.2% yesterday, as the company's CFO (Chief Financial Officer) remarked on the ongoing Hollywood strikes while noting that its ad-based tier will not drive revenues over the shorter term. Undoubtedly, the Hollywood strike doesn't seem to be any closer to a resolution. That said, it probably won't last forever, and those investors who throw in the towel over the matter may be the ones that miss out on the longer-term opportunity to be had. What is the Forecast for DIS Stock? On TipRanks, DIS stock comes in as a Moderate Buy. Out of 21 analyst ratings, there are 14 Buys, five Holds, and two Sells. The  average Disney stock price target is $110.53, implying an upside of 30.8%. Analyst price targets range from a low of $76.00 per share to a high of $135.00 per share. The Bottom Line on Disney Stock There aren't many things to look forward to when it comes to Disney over the near term. Still, it's hard to look past the value to be had in the name if you consider yourself a long-term investor who's willing to brave the carnage. At writing, Disney stock trades at a 16.2 times forward price-to-earnings multiple, well below the entertainment industry average of 23.5 times. While it's hard to bet on Disney CEO Bob Iger, given his sub-par track record, I think you have to give the man the benefit of the doubt now that expectations have come down following the stock's two-and-a-half-year beatdown. Disclosure 
TipRanks

Stocks Rally on Improved Soft-Landing Prospects

3 years ago
What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.67%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.66%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.75%. Stock indexes this morning are moderately higher, with the...
Barchart

Nasdaq 100 Movers: NFLX, SIRI

3 years ago
In early trading on Thursday, shares of Sirius XM Holdings topped the list of the day's best performing components of the Nasdaq 100 index, trading up 3.1%. Year to date, Sirius XM Holdings has lost about 26.7% of its value.
BNK Invest

Stocks Waver after a Mixed U.S. CPI Report

3 years ago
What you need to know… The S&P 500 Index ($SPX ) (SPY ) Wednesday closed up +0.12%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.38%. Stocks on Wednesday settled mixed. The broader market posted...
Barchart

Stock Split Watch: Is Netflix Next?

3 years ago
Media-streaming veteran Netflix (NASDAQ: NFLX) has split its stock twice. The last split was a dramatic 7-for-1 affair in 2015. With share prices heading upward again, Netflix stock is back to a lofty $436 per share. Is it time for another stock split in Los Gatos, California?A q
The Motley Fool

Why Advertising Is the Key to Streaming

3 years ago
Monthly fees get a lot of attention, but the future of streaming finances comes down to advertising. In this video, Travis Hoium goes over how much Walt Disney (NYSE: DIS) and Netflix (NASDAQ: NFLX) are already seeing ads impact their business.
The Motley Fool

Notable Tuesday Option Activity: NFLX, META, CSTM

3 years ago
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Netflix Inc (Symbol: NFLX), where a total volume of 66,324 contracts has been traded thus far today, a contract volume which is representative of approximately
BNK Invest
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