AsianFin -- Netflix stock soared to an all-time high on Wednesday, closing nearly 10% higher as analysts lauded the company's impressive fourth-quarter earnings.
The stock surged to around $1,000 shortly after the opening bell, fueled by multiple price target upgrades. Pivotal Research raised its target to $1,250 per share, the highest on Wall Street. Despite retreating slightly, Netflix ended the session at just under $954.
The streaming leader reported a record-breaking 18.9 million new subscribers in Q4, alongside revenue and earnings that exceeded expectations, marking the largest quarterly user growth in its history.
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