Analyst on Netflix (NFLX): Every Selloff Has Been a ‘Tremendous' Opportunity
Very reasonable. I mean, they're overweight, they go to neutral, still have a $1,220—what is it—1220 price target. Good for them. I mean, this is what the analyst community should be doing. I admire the call and I understand it—valuation, the market, all those different things. But with all that said, I don't think you really run all that far away from Netflix. I mean, every selloff for the last couple years has been a tremendous opportunity. They continue to dominate the space.
JPMorgan recently cut its rating on Netflix Inc (NASDAQ:NFLX) to Neutral from Overweight.
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Harding Loevner Global Developed Markets Equity Strategy stated the following regarding Netflix, Inc. (NASDAQ:NFLX) in its Q4 2024 investor letter:
'During the quarter, we benefited from strong stocks within the Communication Services and Consumer Discretionary sectors. Netflix, Inc. (NASDAQ:NFLX) was our top relative contributor; the company provided a favorable outlook for subscriber growth in 2025 and made progress in two key areas, live TV and advertising. The streaming service broadcast its first sporting events, including two National Football League games on Christmas, and said that the ad-supported plan it launched two years ago amassed 70 million subscribers, more than investors expected.'
While we acknowledge the potential of NFLX, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NFLX and that has 100x upside potential, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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