Warner Bros. Discovery (WBD) is raising the price of its ad-free monthly subscription for Discovery+ in the United States and Canada.
Netflix (NASDAQ: NFLX) has been sitting out the price hikes for ad-free streaming services this year, but it could be time for the top dog to stand up and stretch its legs. The Wall Street Journal is reporting that Netflix will raise prices for its most popular subscription tier, which offers access without commercials, shortly after the end of the Screen Actors Guild strike. Netflix isn't confirming the report, but when the always popular "people familiar with the matter" reach out to the Journal, it's often just a matter of time before it becomes official.
Based on the average brokerage recommendation (ABR), Netflix (NFLX) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?