1310 ET - "Netflix has won the streaming wars," MoffettNathanson analysts say in a research note. "Case closed." This prompts the question, though: Where does the streaming service go from here? The company's future growth relies on sustaining growth in its core business, quickly ramping its advertising business and expanding its margins, according to the analysts. All of these objectives are possible, they write: "We believe its engagement will allow the company to better monetize and unlock greater profits in the years ahead." The analysts upgrade Netflix to buy from neutral and raise its price target to $1,100 from $850. Shares rise 3.6% to $950.56. (connor.hart@wsj.com)
(END) Dow Jones Newswires
March 17, 2025 13:10 ET (17:10 GMT)
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