5 Best Blue Chip Stocks Under $100 to Buy Now

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1. Netflix, Inc. (NASDAQ:NFLX)

Market Cap: ~$346.0 billion

Stock Price: $81.52

Number of Hedge Fund Holders: 144

Netflix, Inc. (NASDAQ:NFLX) is one of the Best Blue Chip Stocks Under $100 to Buy Now. On June 4, Bernstein reiterated an “Outperform” rating and a price objective of $110.00 on the company’s stock. There are numerous factors that are impacting sentiments. These include the continued adoption of short-form and vertical content, stepped-up content spending, margin pressure, etc. The firm noted that when Netflix, Inc. (NASDAQ:NFLX) was performing well, the narrative was backed by robust growth in subscribers, pricing power, and growth in operating leverage resulting in the margin expansion and EPS growth.

Such core drivers are intact, added the firm, while highlighting that the law of large numbers is impacting the outlook. The other long-term uncertainties are AI, engagement, and a shift in consumer expectations. As per the analyst, Netflix, Inc. (NASDAQ:NFLX) happens to be a low‑cost streaming utility, which has a big room to grow outside the English‑speaking markets. The company’s business model is solid despite concerns.

Netflix, Inc. (NASDAQ:NFLX) is engaged in offering entertainment services.

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 the cheapest AI stock.

READ NEXT: 10 Best FMCG Stocks to Invest In According to Analysts and 11 Best Long-Term Tech Stocks to Buy According to Analysts.

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