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Netflix Surges 10% as Wall Street Cheers Earnings Beat and Huge Subscriber Gains

Netflix stock (NFLX) surged nearly 10% to an all-time high on Wednesday driven by strong Q4 earnings, including a record subscriber gain, revenue beat, and positive guidance. Analysts raised price targets, with Pivotal Research setting the highest at $1,250. The company also announced a $15 billion stock buyback and boosted its full-year revenue outlook.