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Top Analyst Upgrades Netflix (NFLX) to Buy Ahead of Q3 Earnings
Top Analyst Upgrades Netflix (NFLX) to Buy Ahead of Q3 Earnings
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BTCCSquare news:
Seaport Global analyst David Joyce upgraded Netflix (NFLX) to a 'Buy' rating, raising his price target from $1,230 to $1,385—a 19.1% upside potential. The MOVE comes ahead of the streaming giant's Q3 earnings report on October 21. Joyce, ranked #859 out of 10,074 analysts on TipRanks, boasts a 66% success rate and an average return of 14.50% per rating.
Netflix shares have surged over 30% this year, though momentum has recently moderated as investors digest gains. Joyce highlights advertising infrastructure builds as a key growth driver, noting Netflix's expanding market share against traditional TV. YouTube TV remains the streaming leader, but Netflix's focus on monetization momentum stands out.
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