Evercore ISI raised the firm’s price target on Netflix (NFLX) to $1,100 from $950 and keeps an Outperform rating on the shares following what the firm describes as “Beat & Raise Q4 EPS results.” The firm’s “key bullish takes” were a record high 19M subscriber net adds in the quarter, increased FY25 revenue guidance and the announcement of price increases across most plans in the U.S., Canada, Portugal and Argentina, the analyst tells investors.
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