Netflix Surges Beyond $1,000 Amid Record Subscriber Growth

Netflix's stock experienced a significant surge following the release of its impressive fourth-quarter earnings report, which revealed a record-breaking addition of 19 million new subscribers, pushing total memberships to over 302 million. The company's shares jumped more than 15% in pre-market trading, briefly exceeding $1,000 before settling slightly lower. Analysts have responded positively, with multiple firms raising their price targets significantly, forecasting potential upside based on the company's strong financial performance and subscriber growth. Revenue increased by 16% year-over-year, primarily driven by popular content such as 'Squid Game' and major events like the Jake Paul vs. Mike Tyson fight. Despite some concerns about valuation amid the stock's rally of over 80% in the past year, investor sentiment remains bullish as Netflix continues to innovate in content and user experience. The company has also announced price increases for its plans while focusing on expanding its ad-supported offerings and exploring live programming.