Loop Capital raised the firm’s price target on Netflix (NFLX) to $1,150 from $1,000 but keeps a Hold rating on the shares. The firm remains “quite bullish” on the company, citing increased engagement with a big lift coming from Squid Games 3, and Loop is raising its operating income margin view to 30% vs. the company’s 29% guide, the analyst tells investors in a research note. With the stock trading at nearly 50-times earnings however, Loop remains neutral on the name due to valuation, the firm added.
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