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The Asia-Pacific region is likely to be the biggest growth driver for Netflix and could be the second biggest region by subscribers in the five to six years, Barclays analyst Kannan Venkateshwar tells investors in a research note. Netflix has the potential to "conservatively" add 60M-90M subscribers in the region over the coming five years, which could account for 45% of total net adds over this period, says the analyst. Venkateshwar believes lower average revenue per user in the region will be balanced by lower costs. The analyst keeps an Overweight rating on Netflix with a $550 price target.

Citi analyst Jason Bazinet raised the firm's price target on Netflix (NFLX) to $580 from $450 and keeps a Neutral rating on the shares. The analyst increased price targets on both but continues to prefer Disney (DIS) to Netflix. As a late entrant, Disney has a "quicker and easier path" to subscriber growth over the next three years, Bazinet tells investors in a research note. Second, the analyst suspects Netflix "may have some hiccups" over the next few quarters as price hikes potentially dampen quarterly net additions, "tactically disappointing" the Street. "Disney, on the other hand, is apt to keep prices relatively stable," says Bazinet.

Canaccord analyst Maria Ripps expects Netflix to report strong Q4 results as the recent price hikes have enabled ongoing investments while the competitive landscape evolves. She believes estimates for the company could be conservative depending on the timing of billing increases and potential price hikes in other markets. Rips has a Buy rating and $630 price target on Netflix shares.

Bernstein analyst Todd Juenger notes that Netflix's general approach to pricing in its recent era is hiding obviously in plain sight - raise prices in most markets roughly every 2 years, and raise price aggressively on the Premium plan, moderately on the Standard plan, and rarely on the Basic plan. After very little pricing activity in 2020, the analyst believes "evidence is growing that we will see widespread pricing increases in 2021." In the quarter, two significant price hikes took place, he points out, namely the previously announced increases in U.S. and Canada, and an increase in Ireland, bringing its pricing in line with Austria. Juenger believes Austria and Ireland seem to be serving as "trial markets," leading indicators of future broader increases across Europe.

Netflix's 2021 film slate "marks a more pronounced shift toward quality," as its 70 films have increased star power from the likes of Dwayne "The Rock" Johnson, Leonardo DiCaprio, Meryl Streep and Denzel Washington, KeyBanc analyst Justin Patterson tells investors in a research note. The analyst believe Netflix's scale has made direct-to-streaming a more compelling distribution option for actors and directors, particularly as COVID-19 weighs on global box office revenue. If Netflix can succeed in film, its lifetime subscriber value can increase due to improved retention and pricing power, predicts Patterson. The analyst keeps an Overweight rating on the shares with a $634 price target.