Oppenheimer raised the firm’s price target on Netflix (NFLX) to $1,150 from $1,040 and keeps an Outperform rating on the shares following record subscriber additions of 19M, 2-times better than Opco/Street estimates, and strong margin flowthrough. Strength driven by original content across all markets. While Tyson/Paul fight, NFL, and Squid Games all incredibly successful, management claims these did not drive subscriber upside.
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