Netflix Stock: Headed to $650?

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Though shares of Netflix (NASDAQ: NFLX) soared during the first half of the year as the company’s subscriber growth accelerated sharply amid stay-at-home orders, the stock has leveled off since mid-July.

One analyst, however, thinks the growth stock could move sharply upward over the next 12 months. Here’s what’s behind his bullish take — and why his optimism for the stock may make sense.

Image source: Getty Images.

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