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Netflix Jumps as Cowen Says it Still Has The Best Content By Investing.com

by Mike Robinson

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© Reuters.

By Dhirendra Tripathi

Investing.com – Netflix stock (NASDAQ:) 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 indicated that the company will add 3.63 millions subscribers to its third quarter net, just slightly higher than the 3.5 million it had guided.

The analyst believes that Netflix is the best choice for streaming movies and television shows online. However, the company will continue to release original content to increase its value proposition.

According to Cowen’s survey, consumers view YouTube (NASDAQ:) as following Netflix in having the best content. The survey shows that Amazon Prime Video (NASDAQ 🙂 and Basic Cable follow closely.

 

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