TD Cowen analyst John Blackledge raised the firm’s price target on Netflix to $820 from $775 and keeps a Buy rating on the shares. The firm previewed its Q3 results and expects paid 3Q24 net member adds of +4.88MM, above consensus of +3.89MM and reflecting further paid sharing tailwinds, AVOD momentum and underlying business strength.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NFLX:
- Netflix upgraded to Overweight from Neutral at Piper Sandler
- Netflix downgraded to Underweight from Equal Weight at Barclays
- Market Wrap: Dow Rallies to Record Close After Strong U.S. Jobs Report
- Political Endorsement by Netflix (NASDAQ:NFLX) Founder Leads to Subscription Cancellations
- Needham says market reaction ‘overdone,’ recommends buying Magnite
Questions or Comments about the article? Write to editor@tipranks.com