Evercore ISI analyst Mark Mahaney raised the firm’s price target on Netflix to $650 from $640 and keeps an Outperform rating on the shares following what the firm describes as “Beat & Bracket” Q1 EPS results. Following the report, the firm’s FY24 and FY25 revenue estimates are unchanged, but its operating income and EPS estimates rise 3% and 5%, respectively, while it is “materially” raising its subscriber addition estimates.
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