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Netflix Upgraded on Original Content

 (Image source:NETFLIX/FILE)

Netflix, Inc. (NASDAQ:NFLX) was upgraded by Robert W. Baird’s equity research unit from neutral to outperform. In addition, the price target was also raised from $383 to $420. Netflix’s success with original programming such as House of Cards, Orange is the New Black, and many more was cited as a reason for the upgrade. Netflix plans to double original programming next year. It doesn’t seem like this stock will come down anytime soon. The upside is limitless at the moment.