Pivotal Research analyst Jeffrey Wlodarczak raised the firm’s price target on Netflix (NFLX) to $1,250 from $1,100 and keeps a Buy rating on the shares. The company last night “reported yet another strong quarterly result,” highlighted by “blowout” 19M net new subscribers and higher than forecast Q4 revenue growth, the analyst tells investors in a research note. The firm says Netflix;s 2024 operational and financial results “make it abundantly clear” that the company is demonstrating “massive scale” as it continues to produce strong subscriber results and large free cash flows with the ability to invest to accelerate that growth.
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