Netflix Subscriber Growth Seen Rebounding In Third Quarter

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XGuggenheim Securities analyst Michael Morris raised his 12-month price target on Netflix stock to 420 from 360."Netflix has continued to execute along its path of long-term success in Q3, further growing both market penetration and consumer engagement," Morris said in a note to clients.He added, "We expect the Q3 launch of original local-market content in India, upgrades to user experience and consumer products development to support share appreciation.Netflix now produces local content in an estimated 17 markets, roughly double from a year earlier, Morris said." Its content in India includes police thriller "Sacred Games" and horror series "Ghoul.

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