Netflix shares were upgraded to buy from hold by Loop Capital Markets on Monday, saying the digital media company stock is set to climb more than 25%.
“We continue to think that NFLX has built an unstoppable lead in subscription video streaming and the margin opportunity is expanding as it increasingly becomes content producer, distributor and retailer,” Loop analyst Alan Gould said in a note to investors. Gould noted that the rating upgrade comes as Loop added internet industry analyst Rob Sanderson to the firm’s team.
