Netflix (NLFX) Surges as Bull Pounds the Table

After taking a breather from its recent torrid pace over the past few weeks, Netflix (NASDAQ: NFLX) is back in the green today and flirting with all-time highs after an analyst aggressively boosted his price target.

Pacific Crest's Andy Hargreaves raised his price target on Netflix Tuesday from $160 to $225 while reiterating an Outperform rating.

Hargreaves sees the company's U.S. streaming video business garnering 36 million subs by the end of 2015 in addition to 17 million international subs. He said Netflix is the "clear global leader" in the space. Data on subscriber viewing habits will help the company better invest in original and third-party content, he said.

For an analyst ratings summary and ratings history on Netflix click here. For more ratings news on Netflix click here.

Shares of Netflix are up 6.4 percent today to $192.33. The 52-week high is $197.62.

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