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Analysts love the Netflix price hike

Promotional images of Netflix Inc. programs are displayed on a wall at the Netflix Japan office in Tokyo.
Kiyoshi Ota | Bloomberg | Getty Images

Shares of Netflix Thursday closed 12 percent higher from the day's low on after the company raised the price of its most popular plan by $1 to $9.99 a month to new customers.

Investors are wondering what the key implications of the news are and what impact it will have on Netflix going forward.

Here is what Wall Street analysts said about the price increase...