Wells Fargo raised the firm’s price target on Netflix (NFLX) to $1,500 from $1,222 given its opportunity path, while keeping an Overweight rating on the shares. The firm says high-value short-form content could be Netflix’s next big move with exclusive creator deals. Wells estimates incremental engagement at an attractive ROI. It’s a 3rd pillar of growth after sports and ads.
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Read More on NFLX:
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