BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Loop Capital Declares Netflix the Winner of Streaming Wars, Upgrades Stock
Loop Capital Declares Netflix the Winner of Streaming Wars, Upgrades Stock
27
3
BTCCSquare news:
Loop Capital has upgraded Netflix (NFLX) to a Buy rating, asserting the company has decisively won the streaming wars. Analyst Alan Gould highlights Netflix's near-record 8.5% share of U.S. television consumption and 17% quarterly engagement growth driven by hits like 'Squid Game.' The firm raised its price target to $1,350, signaling 10% upside potential.
Despite increasing competition in streaming, Gould argues market concerns are overblown. Netflix's $20 billion annual content budget continues to fuel its dominance. The upgrade reflects confidence in Netflix's ability to maintain leadership through superior content and subscriber retention.
By:
