High-quality companies create a lot of value over the long term. Sometimes, that means their stock price soars into the hundreds or even thousands of dollars, which can make it difficult for retail investors to buy in.

Technically, the stock’s price is likely to drop back into a “normal” range around $930 over the next week of trading. From there, expect to see a consolidation that will lead to a robust trend towards a target price above $1,000.

Shares of Netflix rose 13% in afterhours trading as investors cheered the company's first U.S. price hike since 2023. The streaming service's move aims to capitalize on surging demand and sharp subscriber gains in the fourth quarter.

A Wall Street analyst who was on the sidelines of Netflix stock during its big run-up in the past year has finally turned bullish on the streaming video leader.