Credit Suisse: Don't expect Netflix's Q1 earnings to 'spark joy,' but buy the stock anyway

  • 📰 CNBC
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Netflix's upcoming earnings report may not send the stock rallying, but the stock is still a good buy in the long run, according to a Credit Suisse analyst.

div > div.group > p:first-child"> Douglas Mitchelson, who has an outperform rating and a $440 a share price target, said subscriber growth will continue to be the primary driver for the stock. However, subscriber growth is expected to slow down dramatically.

Netflix's guidance for net additions on a quarter-over-quarter basis was also flat, which is well below a seven-year average of 1 million. In fact, Mitchelson noted that"Netflix has guided 1Q19 net adds to be the 2nd smallest sequential improvement in its history." "We believe this has happened before; after a very strong 4Q16 net add performance Netflix actually missed its 1Q17 guidance," he added.

Long term, however, the stock should be a good buy for investors as the streaming giant builds on its original content such as The Umbrella Academy, Stranger Things, and Tidying Up the analyst says.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Hmmm, would Credit Suisse’s giant position with Netflix benefit if a lot of people bought the stock?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japan isn't yet in a recession despite its manufacturing slowdown, says Credit SuisseThe slowdown in Japanese manufacturing activity might be cyclical rather than a more permanent, structural one, said Hiro Shirakawa, Credit Suisse's chief economist for Japan. 😎 Yet 😂 few more weeks
Source: CNBC - 🏆 12. / 72 Read more »

US-China trade talks is a bigger risk to Asia markets than the Fed: Credit SuisseNegotiators from the U.S. and China are scheduled to meet in Beijing for their next round of talks starting Thursday. After that, both sides are expected to hold meetings in Washington starting April 3.
Source: CNBC - 🏆 12. / 72 Read more »

Credit Suisse made a big hire from State Street as it looks to beef up its stock trading teamChris Rice, who spent 23 years at State Street, was hired by Credit Suisse as its global head of execution strategy.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Looking for recession signs? Follow the jobs, says Credit Suisse economistInvestors trying to sniff out signs of the next recession should pay attention to an increase in broader unemployment, says Credit Suisse chief economist. LEI and Starts would be good at this stage
Source: CNBC - 🏆 12. / 72 Read more »

JPMorgan and Credit Suisse will get paid almost equal amounts for helping take Lyft public, and it's part of a growing trend for IPO feesBI Prime: JPMorgan may have lead left, but sources familiar with the IPO process said the economics tell another story.
Source: BusinessInsider - 🏆 729. / 51 Read more »

The Apple Credit Card Is A Game ChangerApple today announced the launch of the Apple Card. In conjunction with Goldman Sachs and MasterCard, Apple will launch its new credit card this summer. It offers up to 3% cash back paid daily, no fees, and what is sure to be an award winning app to track purchases, payments and interest charges. no If Apple plans to have a better market in India, they must think of reducing the price because it has got nothing what Indians expect from a premium mobile handset, they get easily from other vendors in way cheaper prices. Let's hope so. Not sure why it took all of these years for someone to finally figure out how to make our merchant names readable, but I'm definitely looking forward to that new feature.
Source: Forbes - 🏆 394. / 53 Read more »

Spring clean your credit card debt and learn to stay on budget using these 3 stepsIf you need to sweep away piled-up debt, here’s how to employ cleansing strategies on your hefty credit card balance.
Source: USATODAY - 🏆 100. / 63 Read more »

Credit Suisse's chief economist says he's worried about US inflation shooting upThere were signs that inflation in the U.S. was picking up in certain segments within the services industry even before the Federal Reserve decided to stop raising interest rates, says James Sweeney, the chief economist of Credit Suisse. Yup, seems likely. Luckily you can stay calm with this free nature music designed to give you a better sleep. Inflation free! People need to understand inflation not the same as recession, a lot worse. I have been crying wolf about this for over a year now. It is coming folks, no Obama in the WH Trump administration not a benevolent one. Find yourself on the street you stay there, no help. Is he Russian or Chinese?
Source: CNBC - 🏆 12. / 72 Read more »

If you have a good credit score, take advantage of these 3 perksIf you have a good credit score, take advantage of these 3 perks. via CNBCMakeIt MakeIt What if you have a bad credit score? Any perks for that?
Source: CNBC - 🏆 12. / 72 Read more »

Here’s everything Apple isn’t telling you about its new credit cardThe new credit card may seem attractive to Apple aficionados, but consumers should watch out for the fine print. Money will be obsolete in just a few years Yeah broke people will buy another $20 lunch to get 40 cents in rewards. If there is a problem at all, it’s not with Apple Card but with credit card use in the US in general You’re one way ticket to Apple jail, once you have their card, it’ll be much more difficult to escape their ecosystem.
Source: MarketWatch - 🏆 3. / 97 Read more »