Citi analyst Jason Bazinet raised the firm’s price target on Netflix (NFLX) to $305 from $275 and keeps a Buy rating on the shares. The analyst’s analysis suggests Netflix has more opportunities to improve its free cash flow relative to Disney (DIS). Disney already sells advertising on Hulu and ESPN+, and Netflix’s viewership per user is greater than Disney’s, allowing Netflix to lower prices more aggressively on the advertising tier, Bazinet tells investors in a research note. Further, Netflix may have opportunities to release films theatrically and / or license produced content, says the analyst. Netflix is Bazinet’s preferred way to express his bullish view on subscription video-on-demand. He expects SVOD sentiment to improve and maintains Buy ratings on both Disney and Netflix.