Netflix shares are soaring, with a growing number of analysts calling for the streaming giant's stock to soon trade in the quadruple digits.

Wall Street’s biggest bull says the party can keep roaring on. Pivotal Research Group analyst Jeffrey Wlodarczak boosted his price target on Netflix’s stock to $1,100 from $925. The new target is the highest listed on FactSet and implies more than 25% upside from current levels.

The bottom line fared even better. Rising margins sent the operating margin and earnings per share soaring 52% and 45%, respectively. It was a sound beat on both ends of the income statement. Netflix was initially forecasting a 14% increase in revenue and a 33% jump in net income.

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Several brokerages this week raised their price targets on the stock, including BofA Global Research, which on Thursday bumped up its price target to $1,000 from $800. Netflix said on Tuesday that 108 million people worldwide watched the match between Paul ...

Netflix shares surged to an all-time high Tuesday as Wall Street analysts lifted their price targets for the streaming giant's stock, citing optimism about the streamer's potential for live events after last week's boxing match between Mike Tyson and Jake Paul.