Netflix Leads Media Stocks Higher On Bullish Report Amid Broad Market Uptick

deadline.com:

“Netflix has won the streaming wars. Case closed,” wrote analyst MoffettNathanson analyst Robert Fishman today in a bullish report including a “buy” rating on the shares (up from neutral) and new price target of $1,100, higher by $250. “We raise our estimates with greater confidence in the margin expansion story,” Fishman wrote as Netflix stock oupaced its peer and the broader markets rising 4.2% in mid-afternoon trade to about $956.

In a day or recovery, other media and tech stocks on the move include Snap (up 5%), Lionsgate (up 4.2%), TKO Group (up 3.3%), Warner Bros.

Discovery, Spotify, AMC Entertainment and Cinemark (up 3%), Disney (up 1.15%) and more. Broader markets also rallied with the Dow Jones Industrial Average up 390 points and the Nasdaq, S&P 500 and Russell 2000 in positive territory after a brutal month marked by chaos around the Trump administration’s global tariffs.

With trade wars threatening to increase inflation, Treasury Secretary Scott Bessent fanned worries Sunday when he told NBC’ Meet The Press that “corrections are healthy,” that he isn’t concerned about the market downturn and that he does not guarantee the U.S.