NFLX also has stronger POWR Ratings components.Spotify has been losing money for the whole period from 2017 to 2021. NFLX has a Buy rating, while SPOT is rated Neutral. All in all, SPOT’s paying subscribers increased by 21%, hitting 158 million. In particular, ad-supported monthly active user figures climbed 27% on a year over year basis. The silver lining is SPOT’s user growth jumped 24% on a year over year basis. However, the company’s guidance for monthly active users was lowered from 427 million to 422 million for the entire year. SPOT dipped after its first-quarter earnings even though its revenue was impressive and its monthly active users hit 356 million. It is even possible that SPOT could eventually make more money from its podcasts than its streaming music service. Podcasts are revenue drivers as they feature advertisements targeted to specific consumer demographics. SPOT’s secondary platform that provides podcasts is also worthy of mention. The stock’s average target price has soared $125.90 across the prior half-year. The average analyst price target is $282.53, indicating a potential 8% upside. You can find out how SPOT fares in the rest of the components by clicking here.Īccording to the analysts who have cover the stock is currently undervalued. It has a grade of B in the Sentiment component and a C in the Momentum and Value components. SPOT has an overall grade of C, translating into a Neutral rating in the POWR Ratings system. Investors can find other top stocks in this industry by clicking here. SPOT, a music streaming service, is ranked 4th in the Entertainment – Radio industry. Of the 42 analysts who cover NFLX, 14 consider the stock a Strong Buy and 20 consider it a Buy, It is particularly interesting to note the average analyst target price for NFLX has jumped $60.66 in the past four months. If the stock reaches this target, it will have popped by slightly more than 20%. NFLX has an average analyst target price of $609.95. You can find other top stocks in this industry by clicking here. NFLX is ranked #7 in the Internet industry. You can find those grades by clicking here.
We also grade NFLX based on Stability, Momentum, and Value. The company has a grade of B in the Quality, Sentiment, and Growth components. NFLX has an overall grade of B, which translates into a Buy rating in our POWR Ratings. Rather, the unexpectedly low numbers result from some people watching less as the pandemic winds down. The underwhelming subscription figures are not an indictment of NFLX’s business model. It would be quite an amazing feat if NFLX matched its subscription numbers from the initial pandemic quarters.
Though NFLX’s recent quarterly numbers disappointed, it should not come as a surprise that the stock did not meet expectations.
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