Analysts were bullish on Netflix stock ahead of its earnings beat, but what is Wall Street saying now? We take a closer look.

Technically, the stock’s price is likely to drop back into a “normal” range around $930 over the next week of trading. From there, expect to see a consolidation that will lead to a robust trend towards a target price above $1,000.

Netflix shares have roughly doubled in the past year, setting a high bar for future growth as its market capitalization overtakes the valuations of rivals Disney, Comcast, Warner Bros. Discovery, and Paramount Global combined.

Netflix is raising prices in the US to $17.99 for its standard plan. The hike comes as the streamer crushed expectations for subscriber growth.

What Happened? Shares of streaming video giant Netflix (NASDAQ: NFLX) jumped 15.4% in the pre-market session after the company reported impressive fourth-quarter results, which blew past analysts' global streaming paid memberships expectations,

Jon Smith runs over why the Netflix share price has rocketed higher and explains why he's optimistic about the direction of travel from here. The post Why the Netflix share price surged 14% after the market closed appeared first on The Motley Fool UK.

Netflix (NASDAQ: NFLX) completely shattered analyst expectations in its latest earnings report, sending shares up over 14% in after-hours trading on Jan. 21. The consumer discretionary company's subscribers grew by an incredible 19 million.

Netflix (NFLX) stock jumped by over 14% in pre-market trading on Wednesday, following a blockbuster report that revealed an unprecedented 18.9 million new subscribers in the fourth quarter, along with revenue and earnings figures that handily surpassed expectations.