TD Cowen raised the firm’s price target on Netflix to $565 from $500 and keeps an Outperform rating on the shares ahead of the Q4 results on January 23. TD Cowen expects paid net adds of 9.03M, reflecting seasonality and a strong slate of Originals in the quarter, and the firm’s consumer survey shows Netflix remains the top choice for living room viewing, the analyst tells investors in a research note.
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