Netflix Subscribers Are Practically Begging for Another Price Increase

Netflix Subscribers Are Practically Begging for Another Price Increase

Netflix (NASDAQ: NFLX) has become a staple in many households during the pandemic as consumers hunker down at home to avoid catching the virus. Jefferies analyst Brent Thill raised his price target on Netflix to $570 from $500. While he concedes Netflix will lose some price-sensitive customers, the majority won't even blink at a price increase, due to its deep library of content and the ongoing stay-at-home economy.