It’s earnings season, and the clear winners of the COVID-19 pandemic are finding it difficult to beat their previous sky-high numbers. One of which, Netflix, Inc. (NFLX), recently posted mixed Q2 results this Tuesday. However, this does not mean its outlook is gloomy. The video streaming mega-cap is expected to grow subscriber numbers and increase user engagement on rising popularity. Providing his long-term bullish thesis on the stock, Mark Mahaney of Evercore ISI wrote that Netflix’s “fundamental metrics continue to strengthen,” with its revenues inching past Wall Street expectations. Mahaney reiterated a Buy rating on the stock, and declared a price target of $635. This target reflects a possible 12-month upside of 23.6%.
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Netflix (NASDAQ:NFLX)
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Netflix (NASDAQ:NFLX)
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