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Jefferies has started coverage of Netflix with a "Buy" rating and an $85 price target. The stock trades at about $71, which implies upside of more than 20%. Analyst John Colantuoni cites better monetisation, margin gains from scale, and share buybacks. Jefferies expects earnings per share to grow more than 14% a year over the next decade. It projects advertising revenue growth of 35% a year and price rises of about 7% a year. Netflix repurchased $4.7 billion of shares in its second quarter, its largest quarter ever, with about $27 billion of buyback capacity left. Management expects 13% to 14% revenue growth this year. Wall Street forecasts sales of $51.22 billion in 2026.

J.P. Morgan stays top of Extel's All-America equities research table. Extel's 55th annual survey reveals J.P. Morgan, BofA Securities and Morgan Stanley as the top US research providers In 2026 Today in New York has seen increased representation among leading investment firms, and the outcome is a dataset that reflects the views of the most influential investors" - Esther Weisz, Global Head of Sales - Extel NEW YORK, NY, UNITED STATES, October 19, 2026 / EINPresswire.com / - New York, October 20, 2026 - EMBARGOED UNTIL THIS DATE Extel, the leading provider of market sentiment in the financial industry, has today announced the results of its 2026 All-America Research Team survey, with J.P. Morgan maintaining their leading position by total published positions. Now in its 55th year, this independent survey determines the best-in-class sell-side research teams in the U.S. and gives buy-side investors a structured way to assess the research they use. The full results and accompanying editorial can be found after the embargo: https://www.extelinsights.com/results/research-providers >>>2026 Leading Firms J.P. Morgan maintains first place in the Research Team leaders table with 47 published positions. BofA Securities holds second place with 44 positions, up one on last year, followed by Morgan Stanley in third with 43. UBS makes the largest gain in positions, adding nine to reach 42 and climbing two places to fourth. Evercore ISI and Wells Fargo Securities share joint fifth place with 36 positions each, with Wells Fargo Securities rising three places from eighth after adding eight positions. Jefferies is seventh with 35 positions, up one, and Wolfe Research is eighth with 31. Barclays and Bernstein hold ninth and tenth with 26 and 17 positions. UBS leads Extel's separate weighted ranking, ahead of J.P. Morgan and Evercore ISI. >>>2026 Analyst Leaders Jefferies takes first place in the Analyst Leaders table with 43 published positions, up from 41 and a rise of three places from fourth. BofA Securities rises one place to share second with Evercore ISI, both on 40 positions. UBS climbs three places from seventh to fourth with 39 positions, up seven on 2025. Morgan Stanley and Wells Fargo Securities share joint fifth with 38 positions each. Wells Fargo Securities makes the biggest jump in the table, rising four places from ninth after adding 12 positions. In the weighted table, Evercore ISI moves up a place to take first, UBS moves up two places to second and Jefferies is third. The 2026 results reflect the opinion of 4,451 portfolio managers and analysts at 1,608 institutions, providing feedback across 60 sectors. 129,919 votes were counted in total. While the number of participating institutions is down from 1,705 in 2025, the voters are moving up the engagement ladder. 89 firms now sit in the top two commission bands (commission paid to the Street), up from 82 last year, while the lowest two bands shrank from 1,150 firms to 1,062, accounting for 88 of the 97 fewer participating institutions. Investment professionals from the buy-side were invited to vote during a three-week period; increasingly votes are submitted centrally from investment management firms to reflect their formal internal research evaluation processes. This is designed to reduce the disruption to the industry and improve the accuracy of the final results. More than 300 firms provided centralized contributions in the survey, and these firms represented 49% of the weighted universe. Ken Goldman, Head of North America Equity Research J.P. Morgan, said "Being ranked #1 in All-America Equity Research for the ninth time in 10 years reflects the strength of our franchise and our continued commitment to innovation. This recognition underscores the differentiated insights, high-conviction calls, and comprehensive coverage our team provides - delivering research excellence at scale with global reach. We are grateful to the clients who supported us with their votes." Esther Weisz, Global Head of Sales for Extel, said: "In 2026 we've seen increased representation among leading investment firms, and the outcome is a dataset that reflects the views of the most influential investors, those with significant capital allocation decisions. It remains the broadest and deepest evaluation of sell-side research performance, drawing feedback from thousands of buy-side professionals across a diverse range of investment strategies, sectors, and firm sizes." To share your position on your website content, advertisements, communications and marketing collateral, please contact [email protected] Media: [email protected] About Extel For over 50 years Extel (formerly known as Institutional Investor Research) has offered highly-respected proprietary benchmark research and rankings, providing independent feedback on the sell-side and corporate performance; Extel aims to be the first-choice as well as independent validation source of qualitative market intelligence for all three sides of the investment community and has a global presence spanning Europe, Emerging EMEA, Asia Pacific, North America and Latin America. Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. Today in New York do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Jefferies eyes mid-teens returns as Investment Banking scale drives growth. October 19, 2026 Key points. * Jefferies expects potential mid-teens returns on tangible equity as investments in people, technology and infrastructure begin generating operating leverage, with management targeting greater revenue conversion into profit. * Investment banking and capital markets now account for more than 90% of revenue. Since 2023, segment revenue rose 74% to $7.8 billion, while pretax profit increased more than 150% to approximately $1.3 billion. * Jefferies is targeting further global market-share gains, plans to launch a Japanese equities joint venture with SMBC Nikko in January 2027, and expects its planned Hildene transaction to make asset-management earnings more consistent. * Get every upgrade, downgrade, and earnings report on Jefferies Financial Group as it happens. Lock in MarketBeat All Access for $149 a year through October 30. Jefferies Financial Group NYSE: JEF used its Investor Day to emphasize the scale it has achieved in investment banking and capital markets, its plans to increase operating leverage and its expectation that asset management results will become more consistent following a planned Hildene transaction. Chief Executive Officer Rich Handler said the firm has reached "critical mass" as a global investment bank, citing its geographic reach, client relationships and expanded capabilities. He said Jefferies intends to continue investing in people and technology while bringing a greater share of revenue growth to the bottom line. Handler also highlighted capital returns. He said the company repurchased 2.725 million shares in recent weeks and, during the first 10 months of calendar 2026, returned capital through dividends and buybacks approaching 11% of tangible book value. Since late 2018, Chief Financial Officer Matt Larson said, Jefferies has returned approximately $6.4 billion to shareholders and reduced fully diluted shares outstanding by about 24%. Core businesses drive revenue and profit growth. Larson said Jefferies generated $8.5 billion in net revenue, more than $935 million in net earnings and a 13.1% return on tangible equity over the trailing 12 months. Investment banking and capital markets accounted for more than 90% of current revenue, reflecting the firm's strategy of prioritizing client-driven businesses while reducing exposure to legacy merchant banking assets. Since 2023, revenue in the Investment Banking and Capital Markets segment increased 74% to $7.8 billion, while pretax profit rose more than 150% to about $1.3 billion, Larson said. The segment's pretax margin increased from 11% to more than 16%. The company said it is beginning to see operating leverage from previous investments in infrastructure, technology and personnel. Adjusted non-compensation expenses in the segment increased 37% since 2023, compared with a 75% increase in adjusted net revenue. Larson said Jefferies' adjusted non-compensation ratio declined to 24% from 30% over that period. Discover more Research tools subscription MarketBeat All Access Stock Average Calculator President Brian Friedman said the firm expects further compensation leverage as the pace of broad-based senior hiring subsides. He said Jefferies has largely completed the investment-banking recruitment cycle that expanded the platform, though it will continue targeted hiring. Investment banking targets top-five standing. Andrea Lee, co-head of global investment banking, said Jefferies has 376 investment-banking managing directors operating in more than 60 countries through offices in 24 countries. The firm ranks sixth globally in overall investment banking, fifth in global M&A and sixth in global equity capital markets, according to the presentation. Raphael Bejarano, global head of investment banking and capital markets, said Jefferies' transformation from a predominantly U.S. middle-market firm has been supported by recruitment, international expansion and partnerships with SMBC and MassMutual. He said the company ranks fifth globally in advisory and ECM based on publicly reported GAAP revenue. John Miller, global head of investment banking and capital markets, outlined several areas of market-share gains: * Jefferies ranked second in private-equity sell-side assignments below $1 billion in enterprise value, with a 7.5% share. * In large-cap private-equity M&A transactions above $1 billion, the firm rose to third place from eighth in 2019, with a 7.4% share. * In large-cap corporate M&A, Jefferies rose to eighth from 18th since 2019. * In global ECM, the firm held a 5.3% share and ranked sixth, compared with eighth place and a 2.6% share in 2019. Jefferies also said it expects to launch its Japanese equities joint venture with SMBC Nikko in January 2027. Pete Forlenza, global head of equities, said the combined business will seek to build a leading Japanese equities platform by combining SMBC Nikko's domestic presence with Jefferies' global distribution, research and trading technology. Asset management transition and technology initiatives. Jefferies said it is simplifying its asset-management operations around Hildene, Jefferies Credit Partners and revenue-share interests in alternative managers. Nick Daraviras, co-head of asset management, said Jefferies expects to complete its acquisition of a 50% interest in Hildene, alongside Hildene's acquisition of SILAC, following the regulatory process. The company plans to invest $340 million of new capital in the Hildene-SILAC transaction, funded through reductions in the Leucadia Asset Management portfolio. Daraviras said Hildene manages more than $18 billion and that Jefferies expects the business mix to produce more consistent and predictable earnings. Jefferies Credit Partners manages roughly $20 billion and raised $3.5 billion of new capital through its team, he said. Larson also described expanding uses of artificial intelligence across the company. He said all approximately 1,900 investment-banking professionals have access to an AI operating system, while cybersecurity tools using AI have reduced mean time to resolution for incidents by more than 30%. During the question-and-answer session, management said it expects only modest balance-sheet growth, principally to support prime brokerage, and does not intend for leverage ratios to change meaningfully. Handler said the company sees potential to reach a mid-teens return on tangible equity, while cautioning that management was not making a formal promise. About Jefferies Financial Group (NYSE:JEF). Jefferies Financial Group Inc NYSE: JEF is a diversified financial services company that operates primarily through its investment banking and capital markets subsidiary, Jefferies LLC. The company provides advisory services for mergers and acquisitions, restructuring and other corporate transactions, along with equity and debt underwriting, securities sales and trading, research, and prime brokerage services. Jefferies also manages and invests capital through asset management and merchant banking activities. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Jefferies Financial Group, you'll want to hear this. 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