Guggenheim analyst Michael Morris raised the firm’s price target on Netflix (NFLX) to $1,150 from $1,100 and keeps a Buy rating on the shares. The company reported “solid” Q1 results, headlined by a profitability beat, with outperformance benefiting from revenue ahead of guidance and expense timing, the analyst tells investors in a research note. The firm says Netflix’s Q2 guidance was similarly ahead of consensus estimates. It sees a “long runway for growth.”
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