(This is CNBC Pro’s live coverage of Friday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A streaming giant and a company that makes self-driving technology for vehicles were among the biggest analyst calls Friday. Morgan Stanley raised its price target on Netflix to $700 from $600. Wolfe Research, meanwhile, upgraded Mobileye Global to outperform, calling for 30% upside. Check out the latest calls and chatter below. All times ET. 5:50 a.m.: Morgan Stanley reiterates overweight rating, raises price target on Netflix Netflix could be in for a strong period of long-term growth, according to Morgan Stanley. Analyst Benjamin Swinburne reiterated his overweight rating on the streaming stock and upped his price target by $100 to $700, which suggests Netflix shares could climb 11.3%. The stock has added roughly 27% this year. “Netflix’s track record includes pivoting from DVD to streaming, scaling the world’s largest studio, and successfully monetizing password sharing. This track record, combined with new call options (ads, games, live sports) and a 25%+ EPS CAGR, supports a premium multiple,” Swinburne wrote in a Friday note. The analyst forecasted 25% compound annual growth rate between 2024 and 2028, and 30% for its bull case, given the company’s revenue growth and scale. Content from outside of the U.S., original programming and a deep content library with a breadth of engagement may be some of Netflix’s under-appreciated competitive advantages, he said. — Pia Singh 5:50 a.m.: Wolfe Research upgrades Mobileye Global Investors need to buy Mobileye Global after a steep decline to start 2024, according to Wolfe Research. Analyst Shreyas Patil upgraded the autonomous vehicle technology company to outperform from peer perform. His $41 price target implies upside of 30% over the next 12 months. Shares have struggled in 2024, losing 27.5%. However, Patil thinks the risks plaguing the stock earlier this year could be behind Mobileye. MBLY YTD mountain MBLY year to date “The bigger debate, at this point, appears to be around Mobileye’s competitive position, especially for their ‘hands-free’ Supervision system ($1000-$2000 [average sales price];50% [gross margin]) and “hands-free / eyes-off” Chauffeur ($3,000-$6,000 ASP; 50% GM),” Patil said in a note. “Simply put, we do not see a rival that can match MBLY’s capabilities in cost, performance, and scalability, 3 key factors needed to support wide-scale adoption,” he said. “And we have increasing conviction that this will become apparent over the next 6-12 months, driven by growing new business awards from high-volume OEMs.” — Fred Imbert
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