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- S&P 500 falls as AI worries hit software makers
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- Qualcomm stock surges 9.5% on Amazon AI deal & 25M share warrant
- Energy stocks rise premarket as oil prices climb on Middle East supply fears
- Novartis shares plunge 10% as failed drug trial clouds growth outlook
- Harry and Meghan surprised by King Charles' letter on their status
- Citi initiates UiPath coverage with Buy rating and $23 target
- S&P 500 falls as AI worries hit software makers
- WestPark Capital Starts Akebia Therapeutics (AKBA) at Buy
- After an 18% summer selloff in chip stocks, Citi asks what comes next
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JPMorgan Out Positive on Netflix (NFLX): 'we remain positive on Netflix’s ability to accelerate revenue growth in 2024, expand margins, & drive multi-year FCF ramp'
March 18, 2024 4:17 AM EDTJPMorgan analyst Doug Anmuth reiterated an Overweight rating and $610.00 price target on Netflix (NASDAQ: NFLX).
The analyst comments "NFLX shares have significantly outperformed since 4Q earnings, up +23% vs. SPX +5%, & are 12% below the all-time highs of November 2021. As highlighted in our last NFLX Trending report on 2/12, we remain positive on Netflixs ability to accelerate revenue growth in 2024, expand margins, & drive multi-year FCF ramp. Organic growth remains healthy, & were expecting Netflix to continue tightening Paid Sharing filters as it becomes a more normal course... More

