Streaming giant Netflix was assumed with an Overweight rating with a $605 price target, according to a report by The Fly.

  • Piper Sandler Analyst Thomas Champion said Netflix established a growth template that covers steady subscriber gains, moderate price increases, and unparalleled content production and quality.
  • Champion says Netflix is expected to have a “strong narrative for long-term gains,” with shares attractive after trading sideways since July.

NFLX:Nasdaq shares are up 1.87%.