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Search resuls for: "JPMorgan's Doug Anmuth"


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☆ Here's what analysts think about Netflix's CEO change
  + stars: | 2023-01-20 | by ( Samantha Subin | ) www.cnbc.com   time to read: +2 min
Reed Hastings' departure as co-CEO does little to change how analysts view Netflix , or the company's ability to accomplish its long-term strategies, analysts say. The streaming giant announced Thursday that founder Reed Hastings would give up his role after more than two decades and serve as executive chairman. The move came along with quarterly results that fell short of earnings estimates but showed subscriber numbers that far surpassed expectations . "The company's focus, in our view, has always been an underappreciated differentiator and we expect that focus to remain under new leadership." Despite the title change and a step back from day-to-day operations, analysts anticipate that Hastings will continue to be involved in longer-term decision-making.
☆ Netflix's subscriber growth signals better times ahead, but some analysts say it's still too early to buy
  + stars: | 2023-01-20 | by ( Samantha Subin | ) www.cnbc.com   time to read: +3 min
Netflix 's strong fourth-quarter subscriber growth and solid content slate may signal the start of better times for the streaming stock, but it may be too early to buy up shares, according to some Wall Street analysts. Netflix reported 7.66 million adds, compared to 4.57 million subscribers expected by StreetAccount estimates. Analysts view the company's new advertising tier and its content slate as key to Netflix's financial performance in the months ahead. Since reporting second-quarter earnings results, Netflix shares have risen more than 46%. On the leadership front, Supino and analysts view the CEO transition as a positive for the company.
☆ Internet analysts are focusing on one big stock as their favorite 2023 comeback story
  + stars: | 2023-01-19 | by ( Samantha Subin | ) www.cnbc.com   time to read: +3 min
And Facebook parent Meta Platforms could be the next battered stock to make a recovery, according to analysts on Wall Street. The tech-heavy Nasdaq Composite tumbled a whopping 33% , with big names like Tesla , Meta and semiconductor stocks among the worst performers. META 1Y mountain Meta Platforms shares tumbled more than 64% in 2022 But tech stocks aren't out of the woods just yet. Wolfe Research also views Meta Platforms as a stock to buy, especially heading into fourth-quarter earnings. Any information or commentary that rationalizes that investment case could push the stock up, according to Wells Fargo analyst Brian Fitzgerald.
☆ Wall Street analysts are worried about Meta as it plans to spend even more money on the metaverse
  + stars: | 2022-10-27 | by ( Sarah Min | ) www.cnbc.com   time to read: +4 min
Meta 's third-quarter results have Wall Street analysts split on the struggling tech stock. Morgan Stanley's Brian Nowak downgraded shares of Meta to equal weight from overweight after the results , and slashed its price target to $105 from $205. Cowen's John Blackledge downgraded Meta to market perform from outperform, and lowered his price target to $135 from $205 prior, citing the higher opex and capex trajectory. JPMorgan's Doug Anmuth slashed his Meta price target to $115 per share from $180, noting that it's unclear when the Facebook parent will see a return on its big metaverse and AI investments. Meanwhile, AllianceBernstein's Mark Shmulik, who maintained an outperform rating while lowering the price target to $135 from $195, said the "shocking cost guidance overshadows reasonable core."
☆ Earnings playbook: How to trade the busiest week of the season thus far, including Apple and Amazon
  + stars: | 2022-10-23 | by ( Fred Imbert | ) www.cnbc.com   time to read: +17 min
It's the busiest week of the earnings season thus far, with nearly 150 S & P 500 components set to report. What history shows: Coca-Cola has outperformed analyst earnings expectations in the last 11 quarters, FactSet data shows. Alphabet is set to report earnings after the close, with management expected to hold a conference call at 5 p.m. What history shows: FactSet data shows Microsoft's earnings per share have come in above expectations in 24 of the last 25 quarters. What history shows: McDonald's earnings per share have outperformed expectations in six of the last 10 quarters, FactSet data shows.
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