---

原文標題：'Netflix stock may be dead money,' says analyst


原文連結：https://reurl.cc/EpR9Ov


發布時間：Fri, January 21, 2022, 7:58 PM



原文內容：


Think twice before jumping into the pool to scoop up the beat-up shares of
streaming giant Netflix, one analyst warns after a disappointing earnings
report.

「抄底前請先三思而後行」，在令人失望的營收報告出爐後，分析師說道。

"It would not surprise us even off a substantial decline in the pre-market,
that Netflix stock may be dead money amidst muted results in 1Q and the
seasonally weak 2Q and the likely need to prove out that there is still
significant growth left in streaming," said Pivotal Research Group analyst
Jeff Wlodarczak.

The market appears to be thinking along the same lines on Netflix (NFLX).
分析師 Jeff Wlodarczak：網飛股票極有可能在不怎麼樣的 Q1 和一向是淡季的 Q2
財報公布後，成為「爹媽尼」，而網飛必須向大眾證明串流市場依然是成長中的市場。


Shares of Netflix crashed by as much as 21% to $408 in pre-market trading
Friday as the company's fourth quarter earnings showed slowing subscriber
growth and operating profit margin pressure. The company cited increased
competition and the strong U.S. dollar among the reasons for the so-so
report.

在第四季財報顯現訂閱人數的下滑與不理想的營業利益後，盤前網飛股價一度大跌
21% 至 $408 鎂。網飛把原因歸咎於愈加激烈的市場競爭（米老鼠：怪我囉？)
與強勢的美元。

Netflix added 8.28 million global paid net subscribers in the last quarter of
2021, beating the 8.13 forecasted by analysts, according to Bloomberg data.
But it's outlook wasn't too inspiring.

The company said it expects to add 2.5 million subscribers in the first
quarter, compared to 3.98 million during the first quarter last year.

儘管 2021Q4 的全球訂閱人數打敗預測 (8.13M > 8.28M)，但其前景依然黯淡。
網飛預期本季新增訂閱人數 2.5M，相比之下，去年首季可是增長了 3.98M。

Morgan Stanley, KeyBank and Barclays all downgraded Netflix shares on Friday.

But Pivotal's Wlodarczak is staying hopeful on Netflix longer-term even as he
thinks the stock may go nowhere in the near-term.

"In the end we think the Netflix flywheel is still working it is just
operating at a slower pace given the massive pull forward of demand enabled
by pandemic shutdowns and over time we expect normalization in subscriber
results and for the stock to work," Wlodarczak added.

一眾機構皆對網飛降評，But，儘管 Wlodarczak 認為近期的網飛會是「爹媽尼」，
他依然認為這只是短空長多：
「網飛的風火輪依舊在運轉啦只是之前受益於疫情的業績大爆發暫時拉回而已啦。」

The analyst reiterated a Buy rating on Netflix but slashed his price target
to $550 from $750.

該分析師最後重申「買進」，但目標價從 $750 砍至 $550。




心得/評論：

NFLX 財報烙賽 + 市場對於升息縮表的情緒 = Dead Money

維持買入平等但砍目標價，然後這個目標價怎麼跟某台幣計價的爹媽尼有點像？

睡前趕出來的翻譯，有錯請指證



--
--
※ 發信站: 批踢踢實業坊(ptt.cc), 來自: 220.129.53.40 (臺灣)
※ 文章代碼(AID): #1Xwjrq5q (Stock)
※ 文章網址: https://www.ptt.cc/bbs/Stock/M.1642782068.A.174.html