Piper Sandler analyst Thomas Champion raised the firm’s price target on Netflix to $325 from $270 and keeps a Neutral rating on the shares after Q4 net adds of 7.7M beat the Street forecast and co-founder Reed Hastings announced he will step down as CEO and become Executive Chairman. The Q4 results demonstrate "solid product execution in a short amount of time" that was "impressive," said Champion.
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Published first on TheFly
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