Netflix price target raised to $1,200 from $1,150 at Oppenheimer

Oppenheimer raised the firm’s price target on Netflix (NFLX) to $1,200 from $1,150 and keeps an Outperform rating on the shares following the Q1 report. The company’s U.S. pricing increase has been well-received, with no churn increase or downgrading plans, the analyst tells investors in a research note. The firm says that despite the uncertain macro environment, increasing prices in France support confidence in Netflix’s business resilience. It attributes he Q1 beat to advertising and subscription revenue and margins.