Netflix price target raised to $800 from $780 at Jefferies

Jefferies analyst James Heaney raised the firm’s price target on Netflix (NFLX) to $800 from $780 and keeps a Buy rating on the shares. Q3 results were “solid,” with 5M net adds coming in ahead of Street forecast, and 2025 revenue growth guidance of 11%-13% only suggests a “slight” deceleration, the analyst tells investors in a post-earnings note. The firm expects 10M-plus subscribers to be added in Q4 given “a robust content slate” that includes NFL games and Squid Game 2, but sees less visibility into 2025 when it notes the “comp becomes more difficult.”