Netflix stock soared nearly 10 percent Friday, amid an overall tech recovery.
The stock ended trading Friday at $297.57, outperforming impressive gains for other major tech stocks. Amazon, Facebook, Alphabet and Microsoft each gained roughly 5 percent during the session. Apple gained 4 percent, in a slight reversal of Thursday when the stock suffered its biggest single-day loss since 2013.
The tech-heavy Nasdaq Composite index gained 4 percent Friday, buoyed by a surge in the overall market.
It's a positive start to 2019 for the sector, which suffered a painful end to 2018. Netflix posted the strongest 2018 year-end gains among its so-called FAANG peers appears to be continuing the trend into 2019.
Shares of Netflix gained 16 percent during the first week of trading for the year, compared to single-digit gains for Facebook, Apple, Amazon and Alphabet.
Earlier Friday, analysts at Goldman Sachs predicted a nearly 50 percent rally for the stock over the next 12 months. As of Friday's close, Netflix has gained 45 percent in the previous 12 months.
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