"Tech Stocks Lead S&P 500 to Another Record Close Amid Mixed Earnings Picture"

Netflix's shares surged by as much as 14% after reporting strong fourth quarter earnings with over 13 million new subscribers, prompting analysts to raise price targets but also express concerns about the sustainability of the growth. Some warned of an overblown valuation and advised caution, citing potential headwinds from a crackdown on password sharing and increased pricing. Despite acknowledging Netflix's impressive performance, analysts cautioned that the stock may have gotten ahead of itself and downgraded its rating to Hold from Buy.