Netflix Inc. (NFLX) - Get Report finished Friday trading up slightly, adding to Thursday gains that came after a slew of positive analyst commentary. At about $220, Netflix shares are still up more than 14% for the year.
Analysts at Loop Capital bumped their price target to $252 from $241, saying "it's not too late for large-cap growth investors to establish positions." Analysts at Buckingham upped their price target to a similar $251 from $235, while maintaining a buy rating on Netflix stock.
But the one analyst TheStreet's Jim Cramer was focusing on during CNBC's "Mad Dash" segment on Thursday? Morgan Stanley's Benjamin Swinburne.
Swinburne upped his price target to $255 from $235 and maintained his overweight rating. He also raised his estimate for international subscribers additions in 2018 to 16.9 million. Even that may be conservative, Swinburne acknowledged.
Even though the stock has been outperforming FAANG -- Facebook (FB) - Get Report , Amazon (AMZN) - Get Report , Apple (AAPL) - Get Report and Alphabet/Google (GOOGL) - Get Report -- its content can continue to drive gains.
Cramer pointed out that 11 million people have watched Netflix's Bright film featuring Will Smith. While the movie did not garner the greatest reviews, it would translate to a $100 million weekend box office haul, he said.
The analyst also contends that Netflix could generate $2 billion in EBITDA this year. So although it's spending a ton of money -- $8 billion -- on content this year, all it really needs to do is continue growing its subscriber base and keep on collecting that monthly revenue.
This company is really impressive. "I am loving Netflix," concluded Cramer, who also manages the Action Alerts PLUS charitable trust portfolio.
Swinburne's $255 price target implies about 17% upside from current levels. Netflix stock closed at $220.33 Thursday, up 1.3%.
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At the time of publication, Cramer's Action Alerts PLUS had a position in FB, GOOGL and AAPL.