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RBC jumps aboard the Netflix upgrade train Add to ...

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RBC Dominion Securities analyst Mark Mahaney boosted his target on Netflix Inc. after the video rental giant reported a stronger-than-expected first-quarter profit helped by its growing streaming-subscriber base.

“We continue to believe that Netflix has achieved a level of sustainable scale, growth and profitability that isn’t currently reflected in its stock price,” Mr. Mahaney in a report released Tuesday.

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