10 Best Communication Services Stocks to Buy Now

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1. Netflix Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders: 133

Netflix Inc. (NASDAQ:NFLX) ranks among the best communication services stocks to buy now. KeyBanc Capital Markets reaffirmed its Overweight rating and $1,390 price target for Netflix Inc. (NASDAQ:NFLX) on September 11 in response to the streaming giant’s partnership with Amazon Ads. The price target is a multiple of 35 times Netflix’s anticipated price-to-earnings ratio in 2027.

The investment firm believes that Netflix’s increasing variety of demand-side platforms (DSPs) is an asset that should help the company’s ad revenue.

According to KeyBanc, Netflix’s low double-digit percentage revenue growth through 2027 will be supported by this diversification approach.

Netflix Inc. (NASDAQ:NFLX) is a well-known global streaming platform that provides limitless access to a vast collection of films, TV series, and video games on devices with internet connections.

While we acknowledge the potential of NFLX to grow, 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.

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