KeyBanc analyst Justin Patterson raised the firm’s price target on Netflix to $545 from $525 and keeps an Overweight rating on the shares. The firm believes Netflix’s recent ad-supported MAU milestone reinforces that member growth remains healthy and revenue growth should hold in the low-teens over the medium term as Netflix benefits from pricing and ads monetization. Net, KeyBanc raised its Q4 revenue/EPS forecast by 1%/3% and is now 7% above Street 2024/2025 EPS.
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