Guggenheim analyst Michael Morris raised the firm’s price target on Netflix to $375 from $305 and keeps a Buy rating on the shares. Netflix’s Q4 results included a substantial member growth beat, with revenue and operating profit ahead of consensus and guidance, Morris tells investors in a research note. The analyst sees incoming co-CEO Greg Peters as offering complementary skill set to incumbent co-CEO Ted Sarandos.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on NFLX: