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Netflix price target raised to $775 from $750 at Evercore ISI
The Fly

Netflix price target raised to $775 from $750 at Evercore ISI

Evercore ISI raised the firm’s price target on Netflix (NFLX) to $775 from $750 and keeps an Outperform rating on the shares following what the firm describes as “Beat & Raise Q3 EPS results.” The “key bullish takes” were that a record high operating margin of 30% “appears reasonably sustainable,” that the Q4 outlook implies “robust upside” to Street subscriber estimates thanks to a “super strong” content slate and the disclosure of several select price increases, with more to come, the analyst tells investors in a post-earnings note.

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