Netflix stock hits all-time high on forecast of strong global growth

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Zac Barnett of American Authors is seen on set for a video shoot on Oct. 26, 2014, in Dickson, Tenn. (Rick Diamond / Getty Images)

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Extras acting in the HBO series “Game of Thrones” leave the bullring on Oct. 22, 2014, as film crews began shooting part of the fifth season in the southern Spanish city of Osuna. (CRISTINA QUICLER / AFP/Getty Images)

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Indira Varma is on the set of “Game of Thrones” at Real Alcazar on Oct. 19, 2014, in Seville, Spain. (Europa Press / Europa Press via Getty Images)

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Actors film “Game of Thrones” at Real Alcazar on Oct. 19, 2014, in Seville, Spain. (Europa Press / Europa Press via Getty Images)

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Nikolaj Coster-Waldau is on the set of “Game of Thrones” at Real Alcazar on Oct. 19 in Seville, Spain. (Europa Press / Europa Press via Getty Images)

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Sylvester Stallone poses with his puppet as he takes part in the TV show “Le Grand Journal” at the Cannes Film Festival. (LOIC VENANCE / AFP/Getty Images)

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Jamie Foxx filming “The Amazing Spider-Man 2” on April 21, 2013, in New York City. (Aby Baker/Getty Images)

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Actor Andrew Garfield, center left, is seen on the set of “The Amazing Spider-Man 2” in New York City with his stunt double William Spencer, right, and a second stunt double. (Raymond Hall/ WireImage/Getty Images)

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Actor Andrew Garfield, right, rehearses a scene with his stunt double William Spencer on the “The Amazing Spiderman 2” movie set in Madison Square Park in New York.

(Ray Tamarra/Getty Images)

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Actor Andrew Garfield, right, his stunt double William Spencer, center, and a second stunt double are seen on the set of “The Amazing Spider-Man 2” in New York City. (Raymond Hall/ WireImage/Getty Images)

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Jamie Foxx filming on location for “The Amazing Spider-Man 2” on April 21, 2013, in New York City. (Bobby Bank/WireImage/Getty Images)

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Andrew Garfield and Emma Stone filming “The Amazing Spider-Man 2” on location in New York City. (Aby Baker/Getty Images)

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Jamie Foxx as Electro/Max Dillon in “The Amazing Spider-Man 2” on location in New York City. (Bobby Bank/WireImage/Getty Images)

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Actor Paul Giamatti films a scene at the “The Amazing Spiderman 2” movie set in Madison Square Park on June 22, 2013, in New York City. (Ray Tamarra/Getty Images)

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Actor Andrew Garfield is seen on the set of “The Amazing Spider-Man 2” in New York City. (Raymond Hall/WireImage/Getty Images)

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Actor Paul Giamatti is seen on the set of “The Amazing Spider-Man 2” in New York City. (Raymond Hall/WireImage/Getty Images)

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Actor Paul Giamatti on the set of “The Amazing Spiderman 2” in New York City’s Madison Square Park. (Ray Tamarra/Getty Images)

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Jamie Foxx on location for “The Amazing Spider-Man 2” in New York City. (Bobby Bank/ WireImage/Getty Images)

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Julianne Moore and Kristen Stewart play mother and daughter filming on location for “Still Alice” on March 21, 2014, at Lido Beach, N.Y. (Steve Sands/Getty Images)

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Richard Gere on the set of “Time Out Of Mind” on March 26, 2014, in New York City. (Bobby Bank/WireImages/Getty Images)

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Jeremy Renner films an action scene in Aoasta, Italy, for “Avengers: Age of Ultron.”. (Photopix/Getty Images)

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Elizabeth Olsen and Aaron Taylor-Johnson film on location in Pont-Saint-Martin in Aosta, Italy, for “Avengers: Age of Ultron.” (Photopix/Getty Images)

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Actors are suited up for special effects on the set of “Avengers: Age of Ultron” in Aosta, Italy. (Photopix/Getty Images)

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Richard Gere and Ben Vereen on the set of “Time Out Of Mind” on March 26, 2014, in New York City. (Bobby Bank/WireImage/Getty Images)

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Arnold Schwarzenegger performs on the set of “Despierta America” with Joe Manganiello at Univision Headquarters in Miami. (Gustavo Caballero/Getty Images)

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Donal Logue, left, and Ben McKenzie on the set of “Gotham” on March 20, 2014, in New York City. (Bobby Bank/WireImage/Getty Images)

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Kevin McHale, left, Chord Overstreet, Chris Colfer and Darren Chris on the set of “Glee” at Washington Square Park on March 14, 2014, in New York City. (Bobby Bank/WireImage/Getty Images)

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Lea Michele and Michael Lerner on the set of “Glee” on March 16, 2014, in New York City. (Bobby Bank/WireImage/Getty Images)

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Louie CK on the set of “Louie” on Jan. 31, 2014, in New York City. (Bobby Bank/WireImage/Getty Images)

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Wil Estes and Vanessa Ray on the set of “Blue Bloods” on Jan. 31, 2014, in New York City. (Bobby Bank/WireImage/Getty Images)

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Skyler Gisondo and Ben Stiller on the set of “Night at the Museum 3” on Feb. 6, 2014, in New York City. (Bobby Bank/WireImage/Getty Images)

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George Clooney, second from left, filming “Tomorrowland” at Ciudad de las Artes y las Ciencias on Jan. 21, 2014, in Valencia, Spain. (Europa Press/Europa Press via Getty Images)

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Kevin Bacon and Sprague Grayden on the set of “The Following” on Dec. 10, 2013, in New York City. (Bobby Bank/WireImage/Getty Images)

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Mark Wahlberg is seen on set filming the movie ‘Transfomers 4: Age of Extinction’ on Sunday October 27,2013 in Hong Kong,China. (TPG/Getty Images)

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Mark Wahlberg performs on the set of “Transformers: Age of Extinction” in Hong Kong on Oct. 26, 2013. (Aaron Tam/ AFP/Getty Images)

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Scarlett Johansson filming a scene for her new movie, “Lucy” on Oct. 21, 2013, in Taipei, China. (TPG/Getty Images)

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Director Clint Eastwood, right, and actor John Lloyd Young as Frankie Valli on the set of “Jersey Boys” in Kearny, N.J. (Bobby Bank/WireImage/Getty Images)

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Edie Falco, left, and Julie White on the set of “Nurse Jackie” in New York City. (Bobby Bank/WireImage/Getty Images)

By Dawn C. Chmielewski

Oct. 1, 2013 10:46 AM PT

Netflix Inc. stock soared to record levels Tuesday, apparently propelled by a new analyst report predicting surprising growth in the streaming video service’s international subscribers.

The stock stock rose to a high of $321.61 in early trading, after MKM Partners analyst Rob Sanderson wrote that global gains in subscribers would exceed expectations, and one day surpass the number of customers in the U.S.

Sanderson wrote that the economics of the entertainment business will change with the shift to Internet-delivered programming -- and that Netflix is “a driving force” of this trend.

ON LOCATION: Where the cameras roll

Moreover, Sanderson cited recent deals with pay television distributors Virgin Media in Britain, which is testing a program in homes with a Virgin Media TiVo devices, and with Com Hem in Sweden as indication that some cable operators now view Netflix as a partner whose Internet-streamed movies and TV shows enhance the appeal of broadband services.

“Anecdotes from the U.K. are encouraging, suggesting Netflix is becoming a ‘must-have’ service,” Sanderson wrote. “This is the most competitive market and the company was not the first mover. We continue to think international subs will surprise and eventually be as large (or larger) than domestic.”

The MKM Partners report, issued Tuesday morning, seemed to drive up the price of Netflix stock to an all-time high. Shares were trading at $319.74 mid-session, up $10.53 from the previous day’s close.

Netflix will report third-quarter earnings on Oct. 21. In its most recent filing, the company said it had 30 million domestic streaming subscribers, and 7.5 million internationally. The service now is available in Canada, Ireland, parts of Latin America and the Netherlands.

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