Friday, 11 October 2019

Apple Price Target Raised as Analyst Says Apple TV+ Is a Threat to Netflix 2019

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Apple Price Target Raised as Analyst Says Apple TV+ Is a Threat to Netflix


Apple recently said streaming-video subscription service Apple TV+ would launch this fall; Disney+ is also expected later this year. They’re two of the more notable coming entrants in an increasingly crowded field, which has naturally raised questions about threats to Netflix’s growth.

There could be noise around second-quarter guidance,” Patterson wrote late Thursday. “Game of Thrones and Avengers competition, a lighter content slate, foreign-exchange-rate volatility, and phasing of price increases warrant a more conservative guide. That’s fine. The second half of 2019 is ultimately

How will the expected launches of streaming-video services from Walt Disney (ticker: DIS) and Apple (AAPL) affect Netflix (NFLX)? One bullish analyst thinks three statistics indicate that the company will emerge with its leadership position intact.
Netflix stock was recently down less than 1% to $366.27 as Raymond James analyst Justin Patterson reiterated a Strong Buy rating and a $470 target price, well above FactSet’s $399 average, on the stock.
Apple recently said streaming-video subscription service Apple TV+ would launch this fall; Disney+ is also expected later this year. They’re two of the more notable coming entrants in an increasingly crowded field, which has naturally raised questions about threats to Netflix’s growth.
• Google Trends search data on Netflix originals compares favorably with that of Hulu and Amazon releases, according to Patterson. “Search data carry intent and signal consumer interest,” he writes.
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