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Wall Street raises targets on Netflix, citing price increases

Reuters 

By Sayantani Ghosh and Tanya Agrawal(Reuters) - Netflix Inc shares hit an all-time high on Friday as Goldman Sachs and other brokerages raised their price targets on the world's biggest online-streaming company, citing its ability to raise fees without scaring away customers. The home of "House of Cards" and "Narcos" has been spending heavily on new shows and acquiring the rights to other TV series as it looks to lure more people away from traditional cable TV.To help fund that spending - a sticking point with the company's critics - Netflix said it would raise prices for two of its three ...

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First Published: Sat, October 14 2017. 00:13 IST
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