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Wall Street sees double-digit return for Netflix from here in 2017, even after Thursday's post-earnings surge

Netflix on a laptop screen
Jonathan Nackstrand | Getty Images
Netflix on a laptop screen

Netflix shares surged to a record Thursday after the movie-streaming company reported better-than-expected fourth quarter earnings, highlighted by a surge in international subscribers.

Below is a summary of what Wall Street firms are telling clients to do with the stock now.

Cantor Fitzgerald

"We're maintaining our Overweight rating on NFLX, and raising our PT [price target] to $160 from $135, on the back of the company's best quarter ever for customer net additions, which drove a beat on virtually every metric. The company's model of launching high-quality originals, rolling out the service worldwide on a massive scale, localizing content and instituting price hikes when appropriate has been working, fueling strong Y/Y growth, which we view as sustainable."

Even though the U.S. market is maturing, analysts at Cantor Fitzgerald believe the potential for international growth remains "massive."

The 12-month price target from the firm implies a gain of 20 percent from Wednesday's close.

"NFLX's long-term value creation potential, leadership position, global scale and singular focus keep us positive on the stock," the note said.