Netflix Price Hikes Cheered By Wall Street Analysts: “A Welcome Relief For Investors”

Subscribers and consumer advocates may be frowning on Netflix‘s latest price hikes, but Wall Street is celebrating the move. The streaming giant’s stock price doesn’t yet reflect it, analysts’ uniformly positive reaction is perhaps the biggest vote of confidence by the Street since Netflix withdrew its proposal to acquire Warner Bros. last month. In early trading Friday, shares were up a fraction to around $93.50 on below-average trading volume. Bernstein’s Laurent Yoon, who maintains an “outperform” ratin ...