15 Best Big Name Stocks to Buy

12. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders: 146

Netflix, Inc. (NASDAQ:NFLX) is among the 15 Best Big Name Stocks to Buy. On April 17, Piper Sandler analyst Thomas Champion lifted the price target on the stock to $115 from $103 and maintained an Overweight rating.

According to a report on TipRanks, the firm noted that the company’s first-quarter results came in as expected, with revenue and EBIT both surpassing Piper’s forecasts by one percent.

Champion believes the downturn in stock price following the results was due to Netflix, Inc. (NASDAQ:NFLX) reiterating its full-year guidance. However, the analyst noted that while the results were not ‘flashy’, the company was focusing again on its primary business, with initiatives such as advertising also showing promise.

As of the close of business on April 24, the stock sports a Strong Buy rating, with an average share price upside potential of 25%.

The streaming giant posted a revenue of $12.25 billion in Q1 against estimates of $12.18 billion. Net income per share came in at $1.23, nearly double year-over-year and beating expectations by 47 cents.

Netflix, Inc. (NASDAQ:NFLX) is a global entertainment company offering TV series, documentaries, movies, and games across multiple languages and genres.