Netflix to Gain From Amazon Pain?
Some cashtaggers bet that promised price hikes in Amazon’s subscriber service, which offers free streaming of videos in Amazon’s library, could drive more demand for Netflix’s on-demand video service.
Jan. 31 at 8:15 AM
Jan. 30 at 7:20 PM
The strength of Netflix’s subscriber growth has already surprised some analysts. The company has more than 44 million subscribers. Morgan Stanley upgraded the stock Friday morning from “Underweight” to “Equal Weight”. The analysts increased their price target to $440.
“Both domestic and international net subscriber additions outperformed our expectations,” Morgan Stanley analysts wrote in a note to clients.
Jan. 31 at 7:21 AM
An influx of Amazon Prime customers could support even higher numbers. Amazon Prime has tens of millions of users worldwide, according to the company. Executives at Amazon have declined on conference calls to provide more clarity on Prime’s subscriber base or say how many Prime members utilize the video service.
Some investors see Amazon’s coming $20 to $40 Prime price hike as evidence that Netflix’s scale is knocking competitors out of the market.
Jan. 31 at 12:59 AM
The stock edged higher this morning.
~ via Catherine Holahan (@cholahan)
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