Piper Sandler raised the firm’s price target on Netflix (NFLX) to $950 from $840 and keeps an Overweight rating on the shares. The company is the clear leader within streaming, with live content acting as a lever for further subscription growth, the firm argues. The ad-tier should continue to ramp in 2025, with 2026 as an inflection year. Piper continues to see margin upside too.
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