Analysts Are Bullish on These Services Stocks: TWX, NFLX

By Carrie Williams

There’s a lot to be optimistic about in the Services sector as 3 analysts just weighed in on Time Warner Inc (NYSE: TWX), Netflix (NASDAQ: NFLX) and Ctripcom (NASDAQ: CTRP) with bullish sentiments.

Time Warner Inc (NYSE: TWX)

Barrington analyst James Goss maintained a Buy rating on Time Warner Inc (NYSE: TWX) yesterday and set a price target of $110. The company’s shares closed yesterday at $97.34.

According to TipRanks.com, Goss is a 5-star analyst with an average return of 14.7% and a 62.2% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Sirius XM Holdings Inc, and Cinemark Holdings Inc.

Time Warner Inc has an analyst consensus of Moderate Buy, with a price target consensus of $106.95.

Netflix (NASDAQ: NFLX)

In a report released today, Jason Helfstein from Oppenheimer maintained a Buy rating on Netflix (NASDAQ: NFLX), with a price target of $370. The company’s shares closed yesterday at $307.78, close to its 52-week high of $333.98.

Helfstein noted:

“We are increasing our target to $370 from $285 after NFLX reported better 1Q results and provided 2Q guidance implying minimal slowdown in growth. In our view, multiple consecutive strong domestic net additions quarters are being driven by bundling and incremental marketing, likely resetting terminal penetration to high end of 60-90M guide (assumption was low-mid end previously). Internationally, bundling and faster original content ramp offers opportunity to penetrate new market cohorts faster while TAM is likely to expand from fixed-broadband subs to mobile users. Recent pricing increase demonstrated inelasticity relative to sub acquisition, giving us confidence in $19/$14 US/Int’l 2025 ARPU estimate vs. $11/$10 in 1Q18.”

According to TipRanks.com, Helfstein is a top 100 analyst with an average return of 17.4% and a 62.8% success rate. Helfstein covers the Technology sector, focusing on stocks such as Endurance International, ANGI Homeservices Inc, and IAC/InterActiveCorp.

Currently, the analyst consensus on Netflix is Moderate Buy and the average price target is $321.20, representing a 4.4% upside.

In a report issued on April 11, Monness also initiated coverage with a Buy rating on the stock with a $350 price target.
Ctripcom (NASDAQ: CTRP)

Oppenheimer analyst Jed Kelly maintained a Buy rating on Ctripcom (NASDAQ: CTRP) today. The company’s shares closed yesterday at $42.64, close to its 52-week low of $42.36.

According to TipRanks.com, Kelly is a 4-star analyst with an average return of 6.1% and a 53.2% success rate. Kelly covers the Services sector, focusing on stocks such as Booking Holdings Inc, Yatra Online Inc, and TripAdvisor Inc.

Ctripcom has an analyst consensus of Moderate Buy, with a price target consensus of $49.60.

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