JPMorgan analyst Doug Anmuth raised the firm’s price target on Netflix to $505 from $495 and keeps an Overweight rating on the shares. Coming out of the Q2 earnings there’s no change to the firm’s positive thesis on Netflix and it would buy the pullback in shares. While Netflix is monetizing paid sharing a bit slower than expected with only slight revenue acceleration in Q3 to 7%, paid sharing will be highly accretive to revenue over time, the analyst tells investors in a research note.
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