Netflix Rate Hikes Demonstrate Its Pricing Power, Analyst Says

The recent subscription price increases by Netflix (NFLX) show that the company is confident that its streaming video service is compelling enough for consumers to pay more, a Wall Street analyst said Thursday.

Bernstein analyst Todd Juenger reiterated his outperform rating on Netflix and raised his price target to 230 from 203.

Netflix shares were up 0.7%, near 196.40, in morning trading on the stock market today.

"For anyone who still questions whether Netflix has pricing power, consider...

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