Macquarie raised the firm’s price target on Netflix (NFLX) to $1,150 from $965 and keeps an Outperform rating on the shares. The firm notes Netflix beat on top and bottom lines in Q4. This was the last quarter Netflix will report subscribers, which were up 19M – its most ever – totaling 302M. Attention now turns to revenue as well as operating income and free cash flow, argues Macquarie. The company guides to 2025 revenue up 13% with a 29% operating income margin, and $8B in free cash flow.
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