Netflix upgraded along with Spotify at Citi
Netflix NFLX, -0.61% and Spotify SPOT, +0.97% were each upgraded to buy from neutral by Citi as part of a look at subscriber-based stocks after significant pressure. Prevailing equity values, argue the analysts, don't assume material subscription growth or improving economics beyond 2023.
"While Netflix and Spotify may see more modest sub growth, we see other top-line vectors. For Netflix, we believe the firm has ample pricing power. For Spotify, we believe the firm can improve ad-supported monetization," they said. The analysts lowered target prices on Netflix, Spotify, Roku, DraftKings and Robinhood, with Netflix's target falling to $450 from $595.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Spotify Hopes To Solve Its Joe Rogan Problem By Acting Like FacebookFacebook has insisted that it won't police content on its site, and Spotify hopes to do the same. That strategy hasn't been competely successful for Facebook.
Baca lebih lajut »
Fix the Planet newsletter: Why planes need a battery breakthroughAs people begin to return to flying, we look at one potential long-term fix for cutting aviation emissions: battery-powered planes
Baca lebih lajut »
‘Delete Spotify’ Image Appears — on Spotify ItselfAs the Spotify-Neil Young-Joe Rogan controversy continues to rage amid a firestorm of criticism toward the streaming giant, a mysterious “Delete Spotify” image appeared on Spotify’s own platform on the homepage of the ‘90s alt-rock band Belly
Baca lebih lajut »
Potential for independent management sparks hope at West Side MarketICYMI: New Mayor Justin Bibb’s commitment to revamping operations at the historic marketplace has stirred optimism that Cleveland could adopt an approach that sets up independent management with expertise to allow the market to flourish.
Baca lebih lajut »
WHO director praises Neil Young for leaving Spotify over vaccine misinformationAfter Young wrote in an open letter that Spotify 'can have Rogan or Young. Not both,' Spotify removed Young's music.
Baca lebih lajut »
Joni Mitchell pulling music from Spotify 'in solidarity with Neil Young'Joni Mitchell announced Friday that she will remove her music from Spotify.
Baca lebih lajut »