Netflix Stock Soars. How Its Latest Earnings Won Over Wall Street.

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Netflix stock is gaining more fans on Wall Street, impressed by its ability to get subscribers to pay more for streaming.

Netflix’s latest earnings are convincing analysts that the streaming company can make more money from its members. A crackdown on password sharing is paying off already but the advertising business could offer additional opportunities.

KeyBanc analyst Justin Patterson wrote in a note that he believes Netflix is a rare asset that can offer investors growth across a range of economic environments. Monthly rates on two of the company’s U.S. plans are going up by 15% to 20% and it is also raising prices in the U.K. and France. Netflix froze the price of its U.S. ad-supported tier, where it looks to be prioritizing building its user base.

 

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