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Analysts are raising expectations for Netflix

Shares of Netflix rose after announcing its earnings for the quarter in June.

The company added 15.8 million net new subscribers in the March quarter and another 10.1 million in the June quarter, but forecasts only 2.5 million for the September quarter.

JP Morgan analyst Doug Anmuth wrote on Friday that subscriber growth in the quarter could reach 5.4 million.

He raised his own estimate to 5.1 million from 3.1 million. It sees revenue for the quarter of $ 6.59 billion, above the Wall Street consensus of $ 6.19 billion. Anmouth maintains its target price of $ 625.

Meanwhile, Alex Giaimo, an analyst at Jefferies, said in a research note that Netflix had raised its prices in Canada this week by raising the monthly fee by $ 1 a month for the standard plan (to $ 14.99 a month) and $ 2 a month. for the premium plan (up to $ 18.99 per month.)

Jefferies maintains its $ 570 target for Netflix shares.


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