Netflix price target raised to $1,200 from $1,150 at Oppenheimer
Oppenheimer raised the firm’s price target on Netflix (NFLX) to $1,200 from $1,150 and keeps an Outperform rating on the shares following the Q1 report. The company’s U.S. pricing increase has been well-received, with no churn increase or downgrading plans, the analyst tells investors in a research note. The firm says that despite the uncertain macro environment, increasing prices in France support confidence in Netflix’s business resilience. It attributes he Q1 beat to advertising and subscript