Netflix (NASDAQ: NFLX) has become a staple in many households during the pandemic as consumers hunker down at home to avoid catching the virus. While the streaming leader already had a fair degree of pricing power, increased subscriber demand may empower the company to boost prices even further. In fact, it appears viewers are practically begging for it. Jefferies analyst Brent Thill raised his price target on Netflix to $570 from $500. He believes the tech giant will raise the cost of its most popular monthly subscription plans by $1 to $2 per month in each of the company's biggest markets, generating between $500 million and $1 billion in additional revenue in 2021. While he concedes Netflix will lose some price-sensitive customers, the majority won't even blink at a price increase, due to its deep library of content and the ongoing stay-at-home economy. Image source: Getty Images. Thill recently completed a survey of 1,470 Netflix subscribers across the U.S., the United Kingdom (U.K), and India. One of the main takeaway's from the questionnaire is that 90% of the subscribers in India and 70% of those in the U.K. indicated that they would be willing to pay more for the service, though U.S. customers seemed less enthusiastic about a price increase. The streaming giant hasn't raised prices since early 2019, but that may be about to change. During the second-quarter conference call, Chief Operating Officer Greg Peters said Netflix was monitoring member engagement and churn, signaling that a price increase might be in the planning stages: Those are the signals that we have for indicating when we have created more value for our members ... using those signs that we've done a good job at building more value for our members, which indicate to us, hey, it might be time to go back to them and ask them for a little bit more [money]. 10 stocks we like better than NetflixWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Netflix wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of September 24, 2020 Danny Vena owns shares of Netflix. The Motley Fool owns shares of and recommends Netflix. The Motley Fool has a disclosure policy.Source