The video streaming revolution is leading to massive disruptions across all spectrums of entertainment. Subscriber losses plague big-name networks like ESPN (part of Disney (DIS) - Get Report ), while content providers scramble to stymie the impact that Netflix, Roku (ROKU) - Get Report , Amazon (AMZN) - Get Report and others are benefitting from.
This shift is one reason why Barclays' analyst Kannan Venkateshwar initiated Netflix stock with an overweight rating and $245 price target. Netflix could "become one of the most successful media companies" if it's able to grow its subscribers faster than its content costs, he argues.
From Wednesday's close, his price target implies about 15% upside to Netflix stock, which is already up some 65% over the past year.
The analyst drew connections between the steam-powered engine vs. electricity to demonstrate how powerful Netflix's platform is today, Cramer, who also manages the Action Alerts PLUS charitable trust portfolio, pointed out on CNBC's "Mad Dash" segment. Now that's a revolution, making no small comparison for Netflix.
- Amazon, Netflix Could Soar More Than 12% Despite Hot Start
- Jim Cramer: Time to Consider a Pullback in FANG Stocks
- 7 Big Netflix Predictions for 2018
"This is a remarkable report," Cramer added, noting that it's 52-pages long explaining how great a company Netflix really is. The analyst even says one day Netflix could be as large as Disney.
Cramer's colleague David Faber also pointed out that, despite the huge rally over the past 12 months, Netflix came in at No. 5 on UBS' list of crowded short positions. At No. 1 stood Tesla Inc. (TSLA) - Get Report .
Watch all of Jim Cramer's full NYSE live shows right here:
More of What's Trending on TheStreet:
- What Carl Icahn Told Us Explains Why Xerox Might Merge With Fujifilm
- 10 Haunting Photos From Sears and Kmart Closings Sweeping the U.S.
- When Are Your Taxes Due? A Schedule and Primer for Filing for 2017
- 12 Cars Built For Your New Year's Resolutions
At the time of publication, Cramer's Action Alerts PLUS had no position in any security mentioned.