Netflix (NFLX) PT Raised to $950 at Piper Sandler

Piper Sandler analyst Matt Farrell raised the price target on Netflix (NASDAQ: NFLX) to $950.00 (from $840.00) while maintaining an Overweight rating.

The analyst commented, "For Q4, Netflix saw its biggest upside relative to prior expectations compared to the last six quarters, as the strong content slate and NFL games provided a tailwind for spend. In addition, ABC and ESPN also saw upside on the back of live sports. Roku spend was slightly ahead of expectations for the fourth quarter, while Trade Desk was largely in-line. Our ad buyer is expecting a deceleration in Q1 spend across platforms, largely as expected."

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