Evercore ISI analyst Mark Mahaney said his 1,500-respondent U.S. quarterly survey on Netflix Inc. was “modestly positive.” The survey revealed penetration reached a “record high” of 69 percent of respondents who used Netflix, up 2 percent quarter-over-quarter. The proportion of Netflix’s happy users saw the “largest sequential decline in years,” possibly due to rising competition and recent price hike. Mahaney reiterated an In-Line rating and $525 price target (44 percent upside) on Netflix. By Anusuya Lahiri © 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.