Shares of Netflix Inc. NFLX, +1.91% surged 2.9% in premarket trade Tuesday, after J.P. Morgan raised its stock price target on the streaming video service, citing expectation of "strong" first-quarter results. Analyst Doug Anmuth raised his target to $328, which is 13% above Monday's closing price, from $285, and reiterated his overweight rating. He said what also favors Netflix is the fact the company is more insulated from regulatory and data-privacy concerns than other large-capitalization internet names, and the shares remain "less owned" than others. "Importantly, we believe [Netflix] will continue to drive and benefit from the ongoing disruption of linear TV, supported by an ever-expanding base of high quality original content, with NFLX adding more [subscriptions] in 2018 (25M) than 2017 (23.8M) and reaching about 200M global subs by 2021," Anmuth wrote in a note to clients. Netflix is scheduled to report first-quarter results after the April 16 close. The stock has soared 51.0% year to date through Monday, while the S&P 500 SPX, +1.22% has slipped 2.3%.