Zats Not Funny displayed a picture of the new Sling TV set-top box which showed an Android device that allows viewers to switch between Netflix, Sling’s over-the-top streaming service, and over-the-air broadcast channels all on the same remote. The displayed photos of the AirTV Player reveal a blue and white box that is a voice capable remote control with Netflix, Sling TV, and Google (NASDAQ: GOOGL) as its dedicated buttons.
Netflix Inc. (NASDAQ: NFLX) shares have surged just over 30% over the past two months.
The recent gains came not only after the Neflix’s past Q3 earnings but also Wall Street’s subscriber growth estimates.
An analyst from Stifel, Scott Devitt, reiterated a Buy rating and raised his price target on Netflix to $150.00 from $140.00. He mentioned, “Netflix will enter 2017 with a dramatically deeper catalog of original content and the company faces easier y/y subscriber growth comparisons due to one-time impacts related to the company’s price un-grandfathering during 2016. Some investors are modeling Netflix’s overall net subscriber additions to be lower in 2017 than 2016, which we think is an overreaction to temporary issues the company faced during 2016. We are raising our 2017 net subscriber addition forecast by ~1.1mm and expect Netflix to add slightly more subscribers than it did during 2016, which we think is conservative given the company’s compelling content slate in 2017 and the fact that Netflix now has a full year of experience in its youngest markets.”