Canaccord analyst Maria Ripps raised the firm’s price target on Netflix (NFLX) to $1,200 from $1,150 and keeps a Buy rating on the shares. The firm noted they reported solid Q1 results, with revenue roughly 1% ahead of consensus and profitability well above guidance. On the heels of a robust quarter for new membership adds in Q4, Netflix saw stable acquisition and retention trends, which contributed to healthy member growth during the quarter.
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