{"id":22362,"date":"2023-06-14T03:44:56","date_gmt":"2023-06-14T07:44:56","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/netflix-stock-gains-after-report-says-sports-livestreams-could-be-coming\/"},"modified":"2023-06-14T03:44:57","modified_gmt":"2023-06-14T07:44:57","slug":"netflix-stock-gains-after-report-says-sports-livestreams-could-be-coming","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=22362","title":{"rendered":"Netflix Stock Gains After Report Says Sports Livestreams Could Be Coming"},"content":{"rendered":"
\n
<\/p>\n
<\/p>\n
<\/div>\n<\/figure><\/div>\n

\n Netflix
\n stock was rising Tuesday after two analysts raised their price targets on the stock, and after a report said the company might start live-streaming sports events with a celebrity golf tournament this fall.<\/p>\n

The company is in early discussions to air the golf tournament, which features both professional players and Formula One drivers, The Wall Street Journal reported, citing unidentified people familiar with the situation.\u00a0<\/p>\n

\n

Netflix declined to comment.<\/p>\n

That would be the first live sports streaming by
\n Netflix
\n (ticker: NFLX). Executives have been debating the idea for more than a year, according to the Journal report. Other rival streaming services have already started to pick up sporting events such as baseball and football games, while Netflix has streamed live comedy events in the past. In December, the National Football League awarded YouTube TV a multiyear deal to air the NFL Sunday Ticket package of out-of-town games.<\/p>\n

Carrying live sports events would be a new opportunity for Netflix\u2019s new advertising business. It only recently introduced a cheaper subscription tier with ads.<\/p>\n

Netflix shares climbed 2.1% to $433.04 Tuesday and were on pace for their highest close since February 2022, according to Dow Jones Market Data.<\/p>\n

It wasn\u2019t just excitement over the report of potentially streaming live sports that sent the stock higher. BofA Securities analyst Jessica Reif Ehrlich increased her price target on Netflix to $490 from $410 and maintained her Buy rating on the stock Tuesday. She cited confidence in the streaming giant\u2019s path to crack down on password sharing as a reason for the target price increase.<\/p>\n

According to research firm Antenna, after Netflix alerted subscribers in the U.S. that it would start to curb password sharing on May 23, the company had the four single largest days of U.S. user acquisition in the 4\u00bd years Antenna has been tracking the data.<\/p>\n

\u201cIf we assume slightly over 60% of password borrowers in the U.S. are converted, we estimate password sharing could represent a $2 billion incremental annualized revenue opportunity,\u201d Reif Ehrlich said.<\/p>\n

And she isn\u2019t alone in this optimism. Guggenheim analyst Michael Morris gave his price target on Netflix a major upgrade, to $500 from $375. He also maintained his Buy rating on the stock.<\/p>\n

\u201cWe expect the company\u2019s paid sharing initiative to contribute meaningfully to total company economics,\u201d Morris said in a research note Tuesday. \u201cSpecifically, we estimate that more restrictive measures on usage outside the home will support growth to about 21 million paid-sharing sub accounts and about 15.4 million ad-supported accounts through 2Q24.\u201d<\/p>\n

Write to Brian Swint at brian.swint@barrons.com and Angela Palumbo at angela.palumbo@dowjones.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Netflix stock was rising Tuesday after two analysts raised their price targets on the stock, and after a report said the company might start live-streaming sports events with a celebrity golf tournament this fall. The company is in early discussions to air the golf tournament, which features both professional players and Formula One drivers, The […]<\/p>\n","protected":false},"author":1,"featured_media":17308,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-22362","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nNetflix Stock Gains After Report Says Sports Livestreams Could Be Coming | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Netflix stock was rising Tuesday after two analysts raised their price targets on the stock, and after a report said the company might start\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=22362\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Netflix Stock Gains After Report Says Sports Livestreams Could Be Coming | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Netflix stock was rising Tuesday after two analysts raised their price targets on the stock, and after a report said the company might start\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=22362\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-14T07:44:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-14T07:44:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/1685726626_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=22362#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=22362\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Netflix Stock Gains After Report Says Sports Livestreams Could Be Coming\",\"datePublished\":\"2023-06-14T07:44:56+00:00\",\"dateModified\":\"2023-06-14T07:44:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=22362\"},\"wordCount\":447,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=22362#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=22362\",\"url\":\"https:\/\/ifintechworld.com\/?p=22362\",\"name\":\"Netflix Stock Gains After Report Says Sports Livestreams Could Be Coming | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-06-14T07:44:56+00:00\",\"dateModified\":\"2023-06-14T07:44:57+00:00\",\"description\":\"Netflix stock was rising Tuesday after two analysts raised their price targets on the stock, and after a report said the company might start\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=22362#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=22362\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=22362#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Netflix Stock Gains After Report Says Sports Livestreams Could Be Coming\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Netflix Stock Gains After Report Says Sports Livestreams Could Be Coming | iFintechWorld","description":"Netflix stock was rising Tuesday after two analysts raised their price targets on the stock, and after a report said the company might start","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=22362","og_locale":"en_US","og_type":"article","og_title":"Netflix Stock Gains After Report Says Sports Livestreams Could Be Coming | iFintechWorld","og_description":"Netflix stock was rising Tuesday after two analysts raised their price targets on the stock, and after a report said the company might start","og_url":"https:\/\/ifintechworld.com\/?p=22362","og_site_name":"iFintechWorld","article_published_time":"2023-06-14T07:44:56+00:00","article_modified_time":"2023-06-14T07:44:57+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/1685726626_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=22362#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=22362"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Netflix Stock Gains After Report Says Sports Livestreams Could Be Coming","datePublished":"2023-06-14T07:44:56+00:00","dateModified":"2023-06-14T07:44:57+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=22362"},"wordCount":447,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=22362#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=22362","url":"https:\/\/ifintechworld.com\/?p=22362","name":"Netflix Stock Gains After Report Says Sports Livestreams Could Be Coming | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-06-14T07:44:56+00:00","dateModified":"2023-06-14T07:44:57+00:00","description":"Netflix stock was rising Tuesday after two analysts raised their price targets on the stock, and after a report said the company might start","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=22362#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=22362"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=22362#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Netflix Stock Gains After Report Says Sports Livestreams Could Be Coming"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/22362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22362"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/22362\/revisions"}],"predecessor-version":[{"id":22363,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/22362\/revisions\/22363"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/17308"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}