Why Wall Street is run simultaneously hot and cold on the prospects for Netflix
Investment Research, Citi’s Mark Mahaney also weighed in with a note saying that the DVD rental cabins, which are usually filled with the latest hits, hurt Netflix over Blockbuster, which focuses more on the title of the collection . Do not worry: in July of all these analysts urged shareholders to avoid like the plague actionUPDATE: Netflix fans ruled the day, its shares up 6.8% to $ 40.40 while the Dow was basically flat.
Wednesday AM: Today offers more evidence that Wall Street analysts have no idea what is happening in the media. By God, why do not these guys just flip a coinThere had been a chill throughout the movie rental company as fears grew that he would lose hire the next generation DVD kiosk shown in supermarkets – and find it difficult to compete with Apple, Amazon, Blockbuster and others to download digital sales and rentals. Reality Check: web site traffic is skyrocketing Netflix. Also today, Wedbush Morgan’s Michael Pachter upgraded Netflix from “hold” to “buy” with a price target of $ 48 on the basis of higher prices Blu-ray and subscriber ramp interest in digital streaming technology that will reduce costs Netflix shipping costs. So it’s interesting that this morning Barton Crockett of Lazard Capital Markets – that Netflix only rates a “hold” – writes that the company is about to end the 2 nd quarter with 10.7 million subscribers, surpassing its own projections Netflix for not more than 10.6 million. Just look at the tangle of opinions on the latest Netflix. That was a major reason Credit Suisse analyst John Blackledge Netflix took an “underperform” number of earlier this month when it began its coverage of the population. Unique visitors rose 36% in May over the same month last year, according to comScore, and 27% according to race. It closed Tuesday at $ 37.83, compared to $ 49.61 on April 20, their 52-week maximum. Both reports follow one on Monday at Caris & Co. ’s David Miller improved Netflix “buy” from “above average” following the recent fall in its share price.