Citi Maintains Buy Rating on Netflix (NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) is one of the Best Fundamentally Strong Stocks to Buy Now. On May 13, Citi analyst Jason Bazinet maintained a “Buy” rating on the company’s stock, setting a price objective of $115.00. The analyst’s rating is backed by factors related to the company’s growth in ad-supported business and user engagement. Furthermore, the analyst pointed towards healthy weekly usage among ad-tier customers and the company’s plan to roll out the ad-supported service to additional countries.

Citi Maintains Buy Rating on Netflix (NFLX) Stock

Notably, this significantly expands the addressable audience despite expected reductions in monetization in some regions. Additionally, Bazinet noted Netflix, Inc. (NASDAQ:NFLX)’s innovation in advertising formats as well as AI tools for creators and advertisers. This can help expand ad inventory and improve the campaign effectiveness, added the analyst.

In a different release, JPMorgan reiterated an “Overweight” rating on the company’s stock with a price objective of $118. Notably, it is optimistic about Netflix, Inc. (NASDAQ:NFLX)’s reach, content strategy, and improved advertising technology.

Netflix, Inc. (NASDAQ:NFLX) offers entertainment services.

While we acknowledge the risk and potential of NFLX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NFLX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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