Needham keeps a Buy rating and $120 price target on Netflix (NFLX) after its Q1 results. The firm says it is positive on the company’s new mobile engagement products, such as vertical video, video podcasts, and kids’ games, with lower churn and pricing power. The company’s history in the Silicon Valley makes it an early adopter of new technologies, including acquisitions with GenAI capabilities, programmatic ads, better recommendations and improved personalization, Needham added.
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