😍 REVIEWS News – Paris/France.
The special Corona boom is over, so Netflix has fallen deeply on the stock market. In 2022, the stock lost 40% and the price halved from the peak. On April 19, the pioneer of Streaming will publish its first quarter figures. Sanctions against Russia have hit Netflix with sensitivity.
According to JPMorgan analysts, Netflix has between one and two million paid subscribers in Russia. The business freeze in Russia means that "expectations for the first half of the year are moderate", which also makes sense given the current situation.
JPMorgan lowered its estimate for first-quarter net additions to 1,5 million subscribers after analyst Doug Anmuth previously forecast 2,7 million new subscribers. He also cut the second-quarter forecast from 1,7 million to 1,5 million, citing "some ripple effects from the Russian problem."
That puts Anmuth well below the Wall Street consensus of 2,8 million new customers in the first quarter. A year earlier, Netflix had added four million new subscribers.
Nevertheless, the analyst is sticking to his price target of $605 as he expects a significant recovery in business in the second half. The stock is still a buy for him.
DER AKTIONÄR sees a weak first and second quarter largely priced into the stock price. A bullish H2 forecast could indeed be the trigger for a short-term rally into the $400 area. At a horizon of twelve months, the SHAREHOLDER sees a potential at 450 EUR. The stop should be set at 240 euros.
SOURCE: Reviews News
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