Veteran Investor Remains Bullish on NFLX Stock
A frequent guest on CNBC, Snipe is the Founder and Chief Investment Officer of Odyssey Capital.
Netflix, Inc. (NASDAQ:NFLX) reported " really good" Q1 results as its earnings per share jumped 25% versus the same period a year earlier, while its revenue advanced 12% YOY, Snipe reported.
And Netflix, Inc. (NASDAQ:NFLX) has enabled consumers to save almost $20 per month on the streaming service by trading down to its ad tier, the investor noted. This has been a "huge winner" for the company, he said.
"I continue to like this name going forward," the investor concluded.
In the last month, the shares have climbed 14%, while they are also up 14% in the last three months.
While we acknowledge the potential of NFLX as an investment, 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 this 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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