Netflix jumps another 15% as Wall Street applauds 'upside surprises' in earnings

The company also revealed it will be raising prices in the US, UK, and France — a positive development to some analysts on Wall Street.

Nathanson, who maintained his Neutral rating and price target of $390 a share, raised his fourth quarter and full-year 2024 revenue projections by 2.6% and 3.5%, respectively, citing the price hikes. Wells Fargo analyst Steve Cahall said he sees upside to the current valuation — but only if the company can execute.

That clearer outlook also prompted bullish sentiment from Keybanc analyst Justin Patterson, who upgraded the stock to Overweight from Sector Weight with a $510 price target.appears to be working, given the surge in subscribers and positive commentary from management, while operating profit and free cash flow are "steadily ramping."

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Stock market today: Wall Street drifts after a strong retail sales reportNEW YORK (AP) — Wall Street drifted following the latest signal that the U.S. economy remains solid, though perhaps too strong for the Federal Reserve’s liking.
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