Cowen analyst John Blackledge said Netflix Inc.’s new password sharing tests in three Latin American countries could yield a long-term revenue opportunity. Cowen’s monthly survey of 2,500 U.S. consumers suggested that 42 percent of U.S. users share a Netflix password leaving Netflix well-positioned to pursue ways to monetize these subscribers. If Netflix’s test worked and the company rolled the program out globally, it could add $1.6 billion in global revenue, or 4 percent upside to Cowen’s 2023 estimates. Blackledge has an Outperform rating on Netflix. By Anusuya Lahiri © 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.