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Investing.com – Netflix (NASDAQ:NFLX) rose more than 1% in Thursday’s trading as Cowen said the streaming giant has the best content of all while reiterating an outperform on the stock.
Analyst John Blackledge has a $650 tag on the stock, an upside of almost 22% from the stock’s current level of $533.50.
Cowen’s survey put Netflix’s content ahead of YouTube, Basic Cable and Amazon (NASDAQ:AMZN) Prime.
According to Blackledge, Netflix is well positioned as the first choice to stream movies and TV shows online, while it ramps up originals.
He expects better-than-expected subscriber growth of 1.2 million in the second quarter at the company.
