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2021-07-15

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UBS hikes price target for Netflix, says subscriptions will pick up in second half of the year

Netflix’s subscription growth is poised to accelerate in the second half of the year, and that shoul

UBS hikes price target for Netflix, says subscriptions will pick up in second half of the year

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We expect ramping content production and the return of popular series ... as well as tent pole films ... to help drive stronger sub growth going forward,” the note said.\nUBS’ new target is $620 per share, up from $600, representing 13% upside from where the stock closed on Wednesday. The firm also reiterated its buy rating on the stock.\nNetflix and other streamers saw a surge in subscriptions in 2020 as the pandemic forced people to spend more time at home and limited other entertainment options. 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UBS hikes price target for Netflix, says subscriptions will pick up in second half of the year

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