Netflix Rockets 20% Higher After Making Wall Street Analysts Look Like Fools

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[credit provider=”Getty Images/Gareth Cattermole”]

After beating expectations last night, Netflix opened the day up 20%.Revenue for Q4 was $876 million vs. $857 million expected, and the company also added 220 thousand streaming members, which beat forecasts.

Citigroup also upgraded Netflix to a buy rating and raised its price target from $80 to $130.