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Investing.com – Netflix stock (NASDAQ:NFLX) jumped 4.6% Tuesday on a Cowen report that said the streaming platform still has the best content of the video platforms.
Cowen analyst John Blackledge reiterated his ‘outperform’ rating and a $650 target for the stock, still an upside of 3% from its current level of $631.34.
The analyst’s report came after the brokerage’s monthly survey of 2,500 consumers. Blackledge said he expects the company to notch up a net addition of 3.63 million subscribers in the third quarter, slightly above the 3.5 million guided by the company.
According to the analyst, Netflix is well positioned as the first choice to stream movies and TV shows online, while the company continues to roll out original content and increase the value proposition of the service.
According to Cowen’s survey, consumers view YouTube (NASDAQ:GOOGL) as following Netflix in having the best content. Basic Cable and Amazon Prime Video (NASDAQ:AMZN) follow next, according to the survey.
