Jim Cramer on Netflix: “You Buy Some Here, You Buy Some a Little Bit Lower”

Netflix, Inc. (NASDAQ:NFLX) is one of the stocks mentioned during the show, as we cover everything Jim Cramer said about the market. When a caller asked about the stock during the episode, Cramer said:

Okay, let me tell you… I think I’m going to throw in one more positive. I think they could raise the price of the service. I think everybody loves it. I think you leg into Netflix. This is not a good market. You buy some here, you buy some a little bit lower. If you buy it all right now, you’re going to end up, if it goes to $85, you’re going to feel terrible. So buy it slow. That’s what we’re doing… Buy it slow. Then this market won’t get you down.

Netflix, Inc. (NASDAQ:NFLX) provides streaming entertainment, including TV series, films, documentaries, and games. During the March 2 episode, a caller inquired about the stock, mentioning the withdrawal of the company’s bid on Warner Bros Discovery Inc., and Cramer replied:

Okay, I think it’s very simple. Netflix stock was not up enough. It was, it’s moved 10, but you know what? This stock was up dramatically higher before that bid, and when they walked away, I thought it was a terrific thing for their balance sheet. I’m glad they didn’t pay up, and I would be a buyer of Netflix right here.

The stock was recently on our list of the best FAANG+ stocks to invest in. You can read more about it here.

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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