Freedom Capital Markets Upgrades Netflix, Inc. (NFLX) To Buy

Netflix, Inc. (NASDAQ:NFLX) is among the 12 Most Profitable NASDAQ Stocks to Buy Right Now. On January 27, Freedom Capital Markets upgraded the stock to Buy from Hold, with a price target of $104.

Freedom Capital Markets Upgrades Netflix, Inc. (NFLX) To Buy

The adjustment followed the company’s fourth-quarter results, which beat Wall Street’s estimates for both revenue and earnings, driven mainly by an 8% increase in membership to 325 million subscribers from late 2024. Another highlight of the quarter was the streaming giant’s advertising revenue, which grew more than 2.5x to over $1.5 billion.

Based on the recommendations of 40 analysts, the stock is a Moderate Buy with a one-year average share price target of $114.79, representing an upside of 37.49% as of the close on January 30.

In other news, on January 20, Netflix, Inc. (NASDAQ:NFLX) announced that it had revised the agreement with Warner Bros. Discovery (WBD) for the latter’s pending acquisition to an all-cash transaction, as part of efforts to close the doors on Paramount’s rival offer. The takeover price would remain $27.75 per WBD share.

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

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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Disclosure: None.