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%.
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