5 Best Communication Stocks to Invest In

3. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders: 146

Netflix, Inc. (NASDAQ:NFLX) is one of the best communication stocks to invest in. JPMorgan reiterated an Overweight rating on Netflix, Inc. (NASDAQ:NFLX) on May 14, setting a price target of $118. The rating update came after the company’s fourth annual advertising upfront, with the firm stating that it is positive on the company’s content strategy, reach, and improving advertising technology. It further told investors in a research note that Netflix, Inc.’s (NASDAQ:NFLX) upfront announcements show progress towards building a scaled advertising strategy, and also reflect the view of Netflix becoming “Global TV”.

In a separate development, Reuters reported on May 11 that Netflix, Inc. (NASDAQ:NFLX) was sued by Texas Attorney General Ken Paxton on the accusation that the company is spying on children and other consumers through non-consensual data collection, and has also designed its platform to be addictive through “dark patterns” to keep users watching, such as its autoplay features that begin a new show after one ends. A Netflix, Inc. (NASDAQ:NFLX) spokesperson stated that the lawsuit “lacks merit and is ​based on inaccurate and distorted information”.

Netflix, Inc. (NASDAQ:NFLX) provides entertainment services and also offers leisure-time activities, video gaming, entertainment video, and other sources of entertainment. Its operations are divided into the United States and International geographic segments.

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