Netflix (NFLX) PT Raised to $775 at Evercore ISI
Evercore ISI analyst Mark Mahaney raised the price target on Netflix (NASDAQ: NFLX) to $775.00 (from $750.00) while maintaining a Outperform rating.
The analyst comments: "We reiterate our Outperform on NFLX and raise our PT to $775 in the wake of Beat & Raise Q3 EPS results. The Key Bullish takes were: a) a record high Operating Margin (30%) that appears reasonably sustainable; b) a Q4 outlook that implies robust upside to Street Sub estimates – thanks to a super strong content slate; and c) the disclosure of several select price increases, with more to come, we believe."