Netflix price target raised to $350 from $325 at Piper Sandler

Piper Sandler raised the firm’s price target on Netflix to $350 from $325 and keeps a Neutral rating on the shares. The company’s Q1 net additions of 1.8M missed the expectations of 2.1M, but the shares shrugged off an initial selloff and are now indicating flat, the analyst tells investors in a research note. The company’s paid sharing is set to roll out more broadly in Q2, the firm points out.