Thinking About Buying Stock In Netflix Or Roku?
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Netflix Inc (NASDAQ:NFLX) shares are trading lower by 8.23% at $504.34 after the company issued second-quarter sales guidance below estimates.
The company also reported it finished the first quarter with 208 million paid memberships, up 14% year-over-year but below the company forecast of 210 million.
Following Tuesday’s after-hours earnings report, Netflix received a number of analyst rating updates Wednesday morning:
- Stifel analyst Scott Devitt upgrades Netflix from Hold to Buy and raises the price target from $550 to $560.
- Pivotal Research analyst Jeffrey Wlodarczak maintains Netflix with a Buy and lowers the price target from $750 to $720.
- Piper Sandler analyst Thomas Champion maintains Netflix with an Overweight and lowers the price target from $605 to $600.
Streaming peer Roku Inc (NASDAQ:ROKU) is trading lower by 3.5% at $342.50 in sympathy with Netflix.
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