Morgan Stanley analyst Benjamin Swinburne raised the firm’s price target on Netflix (NFLX) to $1,150 from $1,050 and keeps an Overweight rating on the shares following the company’s stronger-than-expected results and guidance. The firm now forecasts a 20%-25% EPS compound annual growth rate in FY24-28 its base case and its FY26 and FY27 base case EPS estimates move up about 4% to $31 and $37.50, respectively, the analyst noted.
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