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Buy Netflix because of its amazing power to raise prices: Bernstein

“Netflix shares have rallied 57.5 percent this year through Wednesday, compared with the market’s 14.1 percent gain” writes unknown author for cnbc.com. Bernstein reiterated its outperform rating on the company’s shares, predicting Netflix will thrive from its recent price increases without any big detrimental effects.”We believe this price increase, sooner than expected, shows Netflix management has reason to be confident in their sub trajectory and price inelasticity.”. Juenger raised his price target for Netflix shares to $230 from $203.Netflix announced last week it is raising prices for some of its subscription plans.
 
Source: cnbc.com



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