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Wall Street Gets Even More Bullish on Netflix

  • Wall Street says growth may not be sustained as lockdowns lift
  • Analysts raise targets while Raymond James downgrades stock
Netflix Streaming App On A Smartphone

Photographer: Future Publishing/Getty Images

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Netflix Inc.’s monster subscriber growth in the stay-at-home era has prompted Wall Street analysts to boost their price targets following the streaming company’s first quarter results. But not all is positive.

The Los Gatos, California-based company has warned investors that some of the virus-induced growth may be temporary and cautioned that a stronger dollar could reduce the value of its sales abroad. Content production could also soon take a toll on next year’s slate, it said.