Netflix shares jump as strong subscriber additions ease growth worries
- Netflix jumped more than 6% on Friday, buoyed by investor optimism that its robust content lineup will help the streaming giant maintain upbeat subscriber growth even as the boost from its password-sharing crackdown wanes.
The company's profit and revenue also beat estimates, a positive sign for its efforts to shift investor focus away from subscriber growth amid what some analysts see as an inevitable slowdown in sign-ups after the success of its password-sharing curbs. Part of the push includes price increases. After increasing fees in Japan, the Middle East and Africa as well as parts of Europe in recent weeks, Netflix is hiking prices in Italy and Spain, and some analysts expect a similar move in the U.S. next year.
At least eight analysts raised their price targets on the stock following results, bringing the median target to $750 from $706.38, according to data compiled by LSEG.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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