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We talked to CFRA’s media analyst about what 2018 holds for Netflix, Amazon, and Disney

  • Business Insider recently spoke with CFRA media and entertainment analyst Tuna Amobi about what 2018 holds for Netflix, Amazon, and Disney.
  • “This year is going to be an inflection for Netflix,” he said when asked how the company would perform in 2018.
  • Amobi thinks that one of the biggest threats to Netflix in 2018 is other media companies, like Disney, taking their content direct-to-consumer.
  • He thinks Amazon will make an unconventional acquisition in 2018.

Following is a transcript of the interview as aired on “The Bottom Line.” It has been edited for clarity.

Sara Silverstein: When you look at tech and media stocks overall, do you think that they’re overvalued?

Amobi:  I do think a lot of the stocks are trading near all-time highs, partly because of the consolidation that we’ve seen across the landscape. So there is embedded takeover premium in some of these names. Nonetheless, we still believe that the fundamentals and the way that the landscape has been unfolding provides attractive opportunities for some of the leading players.

Silverstein: So, there’s still upside for 2018?

Amobi:  That’s correct. That’s why we have a strong buy recommendation, for example, on the shares of Disney. We’re recommending Amazon and Netflix as buys. And also, Comcast; we have a buy recommendation. We’re seeing companies starting to reap the benefits of scale in a vertical integration, horizontal integration, all of these things are coming to play and investors are looking at the year ahead and they believe there’s probably more consolidation to come. There’s probably going to be benefits from rolling back of some of the regulations under the Trump administration. So there’s a potential catalyst that we see could take the group higher in this 2018.

Silverstein: And what does 2018 look like for Netflix?

Amobi:  Netflix, I think, has really reached an inflection. This year is going to

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