Despite the streaming giant falling 24.22% year-to-date (YTD) and crashing 6.87% to $68.95 in the last week, Wall Street has remained largely bullish on Netflix (NASDAQ: NFLX) stock.

The latest example of the trend came on July 20 when Phillip Securities analyst Helena Wang retained her previous $110 12-month price target for NFLX shares but, within a generally optimistic note, upgraded the equity’s rating to ‘Buy.’

According to the Wall Street expert, Netflix boasts resilient pricing power, expanding advertising monetization, industry-leading profitability, and healthy membership: all factors backing the view that the streaming giant’s shares are worth investing in, especially at the current and attractive…