Loading...
Loading...
In a research report published this morning by Morgan Stanley, the research firm stated that Netflix
NFLX has a tough road ahead.
According to Morgan Stanley, "While 7MM net adds for Domestic Streaming for 2012 implies over
30% growth y/y, we believe it will be a challenging bogey. The last time Netflix grew subs by 7MM, the company had the best consumer value proposition in the US, brand equity that was best in class and was benefitting by a strong consumer electronics replacement-cycle. For CQ2:12, we are looking for 24.1MM Domestic Streaming subs, 3.8MM International Streaming subs and 9.2MM DVD subs for total revenue of $888MM and consolidated contribution profit of $117MM."
Morgan Stanley maintains its Equal-weight rating on Netflix, which closed yesterday at $101.84.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in