Netflix price target raised to $780 from $625 at Bernstein

Bernstein analyst Laurent Yoon raised the firm’s price target on Netflix (NFLX) to $780 from $625 and keeps a Market Perform rating on the shares. Going into the Q3 print, there were some concerns around net subscriber adds against a softer content slate and lapping the paid-sharing efforts, the analyst tells investors in a research note. The firm says that while Netflix’s user growth in Q3 was disappointing, mostly due to Latin America, “the worst fears are now behind and the forward-looking commentary was encouraging.”