Netflix (NFLX) Price Change Amounts To $1.2B In Incremental Profit - RBC

RBC Capital analyst, Mark Mahaney, reiterated his Outperform rating on shares of Netflix (NASDAQ: NFLX) increasing its U.S. subscriber fees by 13-18% – consistent with recent changes in Canada.

The analyst stated "As of Q3, Netflix was generating a U.S. APRU of $11.44 on a base of 57MM Paying Subs. Apply a 15% boost to that ARPU and that’s $1.18B in incremental Revenue & Profit (price increase = pure profit) to Netflix".

No change to the price target of $450.

For an analyst ratings summary and ratings history on Netflix click here. For more ratings news on Netflix click here.

Shares of Netflix closed at $356.01 yesterday.

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