Blog

Analysts are getting even more bullish on Netflix following its earnings beat for the third quarter . Shares jumped more than 6% in premarket trading Friday on the heels of the streamer's results. Earnings came in at $5.40 per share and revenue at $9.83 billion. That's well above Wall Street's estimates for the period, as analysts were expecting $5.12 per share on revenue of $9.77 billion, according to LSEG. Netflix's subscriber count for the quarter also beat the Street's expectations. The company added 5.1 million subscribers compared with the 4.5 million StreetAccount estimate. That brings its total subscriber count to 282.7 million. At JPMorgan, analyst Doug Anmuth said Netflix remains a top pick in his eyes. Forecasting "more balanced" growth next year as the company's ad tier scales ...

Check out the companies making headlines before the bell. Procter & Gamble — The stock fell 0.8% after reporting weaker-than-expected revenue. The household goods maker posted $21.74 billion in revenue while analysts polled by LSEG had estimated $21.91 billion. The company attributed the miss to lower demand in China. Adjusted earnings per share of $1.93 topped estimates of $1.90 per share. Netflix — Shares popped 6.3% after the streaming giant exceeded Wall Street's third-quarter expectations. Netflix reported earnings per share of $5.40 on revenue of $9.83 billion, while analysts polled by LSEG forecast earnings of $5.12 a share on revenue of m $9.77 billion. The company also saw its ad-supported membership tier jump 34% quarter-over-quarter. CVS Health - Shares tumbled 11% after the...

A Tesla Model 3 vehicle warns the driver to keep their hands on the wheel and be prepared to take over at anytime while driving using FSD (Full Self-Driving) in Encinitas, California, U.S., October 18, 2023. Mike Blake | ReutersTesla faces a new investigation by the National Highway Traffic Safety Administration, or NHTSA, concerning issues with its "Full Self-Driving" systems, and whether they are safe to use in fog, glaring sun or other "reduced roadway visibility conditions."The probe follows an incident in which a Tesla driver who had been using FSD, struck and killed a pedestrian, and other FSD-involved collisions during reduced roadway visibility conditions.Records posted to the NHTSA website on Friday morning said the purpose of the new probe would be to assess:"The ability of FSD'...

Nvidia could be positioned for even more growth ahead, according to Bank of America. Analyst Vivek Arya reiterated his buy rating on the chip giant and raised his price target by $25 to $190. That reflects around 38.8% upside from Thursday's close. That would add to the monstrous rally it has already seen this year, with shares surging more than 176% in 2024. NVDA YTD mountain NVDA, 1-day The analyst thinks recent events in the industry — such as Taiwan Semiconductor's third-quarter results and Nvidia CEO Jensen Huang saying earlier this month that demand for its Blackwell chip is "insane" – could increase the company's competitive lead and generational opportunity. Not only that, Arya cited "underappreciated" enterprise partnerships with companies such as Accenture and ServiceNow as catal...