In its final quarterly subscriber disclosure late on Tuesday, Netflix excited Wall Street experts by posting a subscriber growth record and unveiling its latest set of price increases that will come into effect across most plans in the U.S., Canada, Portugal and Argentina.
Upside user and financial surprises were driven by Netflix’s push into live sports, including NFL games and boxing, as well as such hit originals as season 2 of Squid Game.
Given the business momentum and 2024 run-up of the streaming giant’s stock, some discussed whether the company’s growth could continue, but many further boosted their stock price targets. One recurring theme in their commentary was that there is more upside ahead for Netflix.
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And Netflix shares in early Wednesday trading jumped to an all-time high of $999. As of 9:33 a.m. ET, they were trading up
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