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Netflix price target raised to $820 from $775 at TD Cowen

TD Cowen analyst John Blackledge raised the firm’s price target on Netflix to $820 from $775 and keeps a Buy rating on the shares. The firm previewed its Q3 results and expects paid 3Q24 net member adds of +4.88MM, above consensus of +3.89MM and reflecting further paid sharing tailwinds, AVOD momentum and underlying business strength.

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