Pivotal Research analyst Jeffrey Wlodarczak raised the firm’s price target on Netflix (NFLX) to $925 from $900 and keeps a Buy rating on the shares. The company reported “yet another strong quarterly result” with moderately better than consensus Q3 subscriber growth and higher than forecast revenue growth, the analyst tells investors in a research note. The firm says Netflix raised 2024 revenue, operating margin and free cash flow guidance and released strong 2025 revenue and operating income growth forecasts.
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