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Netflix stock could soar 13% as Jake Paul vs. Mike Tyson showcased a 'knockout opportunity' in live events, BofA says

  • Netflix's stock has the potential to surge 13% as it expands its live events offering, according to BofA analysts.
  • The analysts point to the success of the Jake Paul vs. Mike Tyson boxing match, which attracted record views.
  • Bank of America raised its price target for Netflix stock from $800 to $1,000, citing the company's 'knockout opportunity' in live events.
  • The analysts believe that Netflix's ability to aggregate global reach for live events makes it a strong contender in the sports and live programming market.

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