Netflix shares powered higher into the close of Friday trading, notching their biggest single-day gain in a year, following a solid set of third quarter earnings and a host of Wall Street price target changes for streaming media giant.

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Netflix is trading higher today after it beat both revenue and EPS estimates while its net subscriber count was in line with estimates.

Netflix shares closed modestly lower Wednesday as investors looked to the streaming media group's upcoming earnings report and a pair of Wall Street analysts underscored differing views on its growth and profit prospects heading into the final months of the year.

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Netflix (NFLX) stock has had a phenomenal run, gaining around 56.8% year-to-date and an impressive 120.6% over the past 12 months. Further, the streaming giant’s strong Q3 earnings report indicates that this momentum could continue,

Netflix's Q3 earnings beat top- and bottom-line estimates, showcasing strong revenue growth and improved operating margins. Read my earnings analysis.