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Jeffrey Wlodarczak has given his Buy rating due to a combination of factors including Netflix's exceptional performance and strategic positioning. Netflix reported an impressive increase in net new subscribers, significantly surpassing forecasts, and showcased substantial revenue and EBITDA growth. The company's robust content offerings and the introduction of an ad-supported tier are expected to drive continued subscriber and ARPU growth.

Additionally, Netflix's ability to leverage its scale for better deals and its strategic investments in exclusive content like sports programming highlight its competitive edge over peers who are struggling with losses. Wlodarczak also sees potential in Netflix's ability to acquire valuable content assets, further strengthening its market position. These factors lead to an optimistic financial outlook, prompting an increased target price for Netflix stock.

In another report released yesterday, Wedbush also maintained a Buy rating on the stock with a $950.00 price target.

Based on the recent corporate insider activity of 145 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NFLX in relation to earlier this year.

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Netflix, Inc. is a subscription-based streaming service through which members can view TV shows, documentaries and movies on any internet-connected device. The company also offers its DVD-by-mail service in the United States. Founded by Marc Randolph and Wilmot Reed Hastings Jr., on August 29, 1997, Netflix is headquartered in Los Gatos, CA.