Netflix price target raised to $600 from $490 at Bernstein

Bernstein raised the firm’s price target on Netflix to $600 from $490 and keeps a Market Perform rating on the shares following the Q1 report. The analyst removing growth disclosures starting in 2025 “signals a maturing business, and gives shareholders even fewer data points to underwrite forecasts.” Time will tell how investors digest the change o no more subscriber and ARM disclosures starting in 2025, the analyst tells investors in a research note.