The company’s profit and revenue also beat estimates, a positive sign for its efforts to shift investor focus away from subscriber growth.
Netflix shares hit an all-time high on Friday, buoyed by investor optimism that its robust content lineup will help the streaming giant maintain upbeat subscriber growth even as the boost from its password-sharing crackdown wanes.
Amazon exec tells employees to quit if they don't want to work 5 days a week in office: 'There are other companies around'“The third quarter showed the slowdown in subscriber growth that we’ve been expecting, but Netflix has other areas of opportunity to continue boosting its financial performance,” Morningstar analyst Matthew Dolgin said.
At least 20 analysts raised their price targets on the stock following results, bringing the median target to $760 from $706.38, according to data compiled by LSEG.
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