FBN Securities analyst Matthew Thornton initiated coverage of Netflix (NFLX) with an Outperform rating and $1,165 price target The firm estimates the company’s immediate total addressable market to be $135B and set to grow at a 9% 10-year compound annual growth rate, arguing that Netflix well-positioned in that market opportunity based on its revenue dollar growth, retention, organic awareness, and balance sheet and equity flexibility advantages.
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