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00:02Netflix shares rose Tuesday after Wolf Research raised its price target to $95 from $84
00:08and maintained an outperform rating, according to CNBC.
00:13Analyst Peter Supino said softer second-quarter subscriber and engagement figures were driven
00:19by the timing of content releases rather than weakening demand. Wolf expects Netflix's third
00:25quarter lineup and growing live programming business to support stronger results in the
00:29second half of the year. Netflix previously narrowed its full-year revenue outlook to between
00:35$51 billion and $51.4 billion. Wolf also expects solid 2027 guidance.
00:41Shares were down by 0.16% at $82 to $0.09 in Wednesday's pre-market trading, according to
00:48Benzinga Pro. For all things money, visit Benzinga.com.
