Netflix Inc. (NFLX) Stock Price Soars To New 52-Week High After Bank Of America Upgrades Shares To 'Buy'

Shares of Netflix Inc. (NASDAQ:NFLX) rallied more than 3 percent Tuesday, hitting a 52-week high of $577.10, after Bank of America Merrill Lynch boosted its rating on the video-streaming service's stock to "buy" from "underperform," citing long-term subscriber growth and earnings potential.