Oppenheimer raised the firm’s price target on Netflix (NFLX) to $135 from $125 and keeps an Outperform rating on the shares. The firm cites higher revenue from UCAN price increase. Netflix is showcasing why it remains a top Internet platform, raising the U.S. price 15 months after its last increase. The company’s ability to retain consumers drives its industry low churn and builds its competitive content moat, Oppenheimer argues. The firm only sees more opportunity for Netflix to lean into content post Warner Bros. Discovery (WBD)/Paramount (PSKY) merger.
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