Netflix: 'Clear OTT Winner' | OTT | News | Rapid TV News
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Financial analyst Cantor Fitzgerald has upgraded its outlook on Netflix, taking its price target on Buy-rated Netflix to $500 from $450.

The investment firm maintains the company is the "clear winner" of the TV unbundling trend. And despite the new competition from the likes of HBO and Dish Network, the analyst team at Cantor thinks the scale of Netflix puts in an enviable position.

Analysts Youssef Squali, Kip Paulson and Naved Khan wrote: "While it may take a few more years for it to play out in a big way, all indications are that momentum around TV unbundling and the migration to [online TV] is on the rise ... several players are introducing Internet-based apps, in an effort to capture some of the millions of households adhering to these new offerings. Netflix may be the poster child of Internet TV, given its early mover advantage and scale at 57 million subscribers worldwide."

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