Netflix (NFLX) shares jumped 12% in recent Wednesday trading, a day after the streaming giant reported subscriber growth and earnings that topped expectations by analysts.
In Q4, Netflix added 18.9 million subscribers worldwide, almost double market estimates. Revenue also topped market expectations.
Several analysts upgraded their ratings on Netflix or boosted their price targets.
Barclays upgraded the stock to equalweight from underweight and raised the price target to $900 from $715, and Canaccord Genuity upgraded Netflix to buy from hold and increased the price target to $1,150 from $940.
Price: 972.11, Change: +102.43, Percent Change: +11.78
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