Truist raised the firm’s price target on Netflix to $485 from $339 and keeps a Hold rating on the shares after updating the firm’s model following what it describes as a “mixed” Q2 report. The firm’s 2023 member adds estimates is revised down to 21.8M from 23.1M, but its revenue and EPS estimates are raised to $33.7B and $11.51 from $33.3B and $10.97, respectively.
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