RBC: Why Netflix stock could double in the next 3 years (NFLX)

Netflix stock could double to $200 over the next three years, according to Mark Mahaney, the lead internet analyst at RBC Capital Markets.
"Amongst the FANG names, this is the one that's most underperformed," he told CNBC on Thursday, referring to Facebook, Amazon, Netflix, and Google.
Why is Mahaney so bullish on Netflix?
The increase in stock price would roughly correlate to subscriber growth, Mahaney said. "We think it's going to double to be 150 to 160 million [global] subscribers in a coupl