RBC Capital analyst Mark Mahaney was out pounding the table on Netflix, Inc. (NASDAQ:NFLX) Friday, reiterating an Outperform rating and price target of $140, which represents a potential upside of 14% from where the stock is currently trading.

Mahaney wrote, “We expect 2016 to be Netflix’s biggest ever in terms of Original Content, with between $500MM and $1B being spent on Original Content. We highlight several new productions of note to be expected (incl. Fuller House, The Crown, Luke Cage).” The analyst continued, “Given Netflix’s very strong International sub growth and our survey work, we continue to believe long-term International penetration levels may be closer to 30%, meaning NFLX may be able to achieve 200MM Global subs (up to 3x Netflix’s current subs). At 30% Operating Margin & $11 ARPU, this generates $10+ in EPS potential, suggesting material long-term stock upside.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Mark Mahaney has a total average return of 22.4% and a 65% success rate. Mahaney has a 79.6% average return when recommending NFLX, and is ranked #4 out of 3857 analysts.

Out of the 42 analysts polled by TipRanks, 29 rate Netflix stock a Buy, 10 rate the stock a Hold and 3 recommend Sell. With a downside potential of 4.6%, the stock’s consensus target price stands at $116.85.