Netflix price target raised to $840 from $800 at Piper Sandler

Piper Sandler analyst Matt Farrell raised the firm’s price target on Netflix (NFLX) to $840 from $800 and keeps an Overweight rating on the shares. Netflix last night delivered Q3 results and Q4 guidance ahead of expectations, with the company providing initial 2025 guidance largely in-line, the analyst tells investors in a research note. The firm says it was “impressed” with the company’s execution, as Netflix delivered “strong mid-teens revenue growth even as we lap tough comps.”