Morgan Stanley raised the firm’s price target on Netflix (NFLX) to $1,500 from $1,450 and keeps an Overweight rating on the shares following “strong” Q2 results and Netflix having raised full year guidance. Newly deployed ad tech appears poised to deliver a roughly doubling of ad revs in 2025, while Netflix’s “early but growing” use of GenAI tools further reinforces the firm’s bullish view, the analyst tells investors in a post-earnings note.
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