Shares of Netflix (NFLX -0.51%) have more than tripled in 2013. One analyst sees the stock quadrupling from here in the next half-decade, leading to a $75 billion market cap. Does this ultra-bullish call make any sense?

In the following video, Fool analyst Anders Bylund takes a good look at the market-moving research note from MKM Partners analyst Rob Sanderson. At 0:20, he explains why Sanderson's extreme growth prediction makes sense. At 0:45, he points out why some investors might not buy this particular bullish argument. At 1:24, he gives you one simple way to play the Netflix stock right now.