JPMorgan raised the firm’s price target on Netflix to $850 from $750 and keeps an Overweight rating on the shares post the Q3 report. Netflix continues to deliver strong financial results with Q3 revenue and operating income upside contributing to higher 2024 outlooks for revenue growth, operating margin and free cash flow, the analyst tells investors in a research note. The firm says the company also provided an earlier than expected forecast for 2025 revenue of $43B-$44B, representing growth of 11%-13%, along with an expectation for 28% operating margin. JPMorgan notes that Netflix remains a top pick.