Netflix is the winner of the streaming war

flix’s engagement continue to be strong both in the US and globally. Their international subscriber base is unmatched compared to other companies, solidifying their lead in the industry. The team at MoffettNathanson, led by senior analyst Robert Fishman, recently upgraded Netflix to a Buy rating with a price target of $1,100 per share, citing the company’s continued growth and success in the streaming wars.

Fishman highlighted Netflix’s core business performance, the early stages of their advertising business, and the potential for rising margins as key factors driving their success. Netflix’s first mover advantage in the streaming world has positioned them ahead of competitors, with traditional media companies now looking to sell and license their content to stronger players like Netflix.

In a conversation with Madison Mills and ProShares global investment strategist Simeon Hyman, Fishman emphasized Netflix’s strong position in the market and their ability to capitalize on the shift towards online streaming and connected TVs. As viewers continue to engage with Netflix’s content, the company’s lead in the industry is only expected to grow further.