Netflix Rallies Off Q3 Earnings: 8 Analysts On Future Price Increases, Ad-Supported Plans And More
Portfolio Pulse from Chris Katje
Netflix Inc (NASDAQ:NFLX) reported strong Q3 results, leading to a surge in its stock price. Analysts from various firms have given their views on the company's future. Key highlights include price increases for Basic and Premium tiers, ad-supported plans maintaining the same pricing, and a crackdown on password sharing. The company added 8.8 million subscribers in Q3, the highest for the period. However, some analysts expressed concerns about the slow growth of the ad-supported plan and potential pushback against streaming price increases.
October 19, 2023 | 5:32 pm
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Netflix's strong Q3 results and future plans have led to a positive outlook from most analysts, potentially driving the stock price up in the short term. However, concerns about slow ad-supported plan growth and potential pushback against price increases could limit the upside.
The strong Q3 results and future plans, including price increases and a crackdown on password sharing, have been well received by most analysts, which could drive the stock price up in the short term. However, some analysts have expressed concerns about the slow growth of the ad-supported plan and potential pushback against streaming price increases, which could limit the upside.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100