12 Best Major Stocks to Buy According to Billionaires

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9. Netflix, Inc. (NASDAQ:NFLX)

No. of Billionaire Holders: 25

No. of Hedge Fund Holders: 144

Netflix, Inc. (NASDAQ:NFLX) is a provider of entertainment services and a global leader among OTT platforms. Netflix acquires, licenses, and produces content, including original programming. The company has paid memberships of over 310 million in more than 190 countries.

During Q1 2025, Netflix, Inc. (NASDAQ:NFLX) posted strong results with revenue of $10.54 billion, up by 12.5% year-over-year and exceeding estimates by $39.44 million. The company’s ad revenue soared over 50% from a year ago, driven by live events. The adjusted earnings came in at $6.61, beating consensus estimates by $0.93 per share. Analysts expect the company to post revenue of around $11 billion and EPS of $6.34 in Q2, though Trump’s proposed 100% tariff on foreign-produced films poses risks.

On May 7, BMO Capital Markets analyst Brian Pitz maintained an Outperform rating on NFLX and kept a price target of $1,200. Pitz highlighted that Netflix’s upgrade of the TV app now offers real-time, personalized recommendations based on users’ viewing. The analyst also pointed to Netflix’s use of AI across its platform to improve content suggestions. This could attract a broader user base and enhance customer retention, added Pitz.

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