Credit Suisse analyst Douglas Mitchelson raised his price target for Netflix (NFLX) to $450 from $440 due to the lower 15% terminal tax rate. Commenting on the company's quarterly results, the analyst notes that while not the net add beat many were hoping for, outlook commentary was "quite bullish," especially record first half of the year paid net additions in the face of record price increases, revenue growth accelerating the next few quarters, and a "very strong" second of the year content slate. Investor consternation will now shift from price increase churn to competition, but Disney+ (DIS) concerns are misplaced, he contends. Mitchelson reiterates an Outperform rating on Netflix's shares.

Comcast (CMCSA) is scheduled to announce quarterly results on April 25, while Paramount (PARA) and Warner Bros. Discovery (WBD) are... To see the rest of the story go to thefly.com. See Story Here