Wells Fargo analyst Steven Cahall raised the firm’s price target on Netflix (NFLX) to $1,560 from $1,500 and keeps an Overweight rating on the shares. The firm notes Q2 was a modest beat/raise. Investors are now focused on share gains, and Wells thinks the next 12 months will be rich with announcements in short form plus sports/live. Operating leverage exceeds expectations.
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