Analyst Builds Strong 'Bull' Case for Netflix

Strategist Mark Tepper is saying Netflix (NASDAQ: NFLX) looks attractive heading into its quarterly earnings report being issued Monday afternoon, even after a massive run.

Netflix shares have jumped 15% this year alone, and a whopping 65% in the last year. Shares rose over 1% on Thursday after Morgan Stanley released a bullish note on the stock.

Ahead of earnings, investors still have time to get in on the stock despite its run, said Tepper, president and CEO of Strategic Wealth Partners, because: While many investors may focus on revenue and earnings growth, the key metric to watch will be subscriber growth, which will likely beat analysts' expectations.

Also, this would be a strong indication of long-term growth and show the streaming video company is on pace for a strong year.

For now, Netflix could be viewed as a buy, though investors should consider the competition that could arise next year as Disney prepares to remove its content from Netflix and launch its own streaming service.

The stock currently trades at a hefty 92 times forward earnings.

Also in the news regarding the network; it announced Friday that Joel McHale is set to host a new unscripted series.

"The Joel McHale Show with Joel McHale," will be a half-hour topical series that will skewer the latest events in pop culture and news from across the globe. The 13-episode first season launches globally Feb. 18 with new episodes dropping every week.

Shares in the network declined Friday by 44 cents to $219.89.