Netflix Inc. (NASDAQ:NFLX) is one of the most profitable growth stocks to buy according to billionaires. On July 21, New Street analyst Dan Salmon raised his price target for Netflix from $975 to $1,210 while keeping a Neutral rating on the stock. The revision reflected a positive outlook on the company’s performance.
Netflix increased its full-year revenue guidance to a range of $44.8 to $45.2 billion, due to strong business performance and favorable foreign exchange impacts. The company is also experiencing healthy member growth, and its ad sales are on track to double this year. The global rollout of its ad tech stack has also been successful, making advertising easier and increasing programmatic buying.
The company also has a strong content slate planned for H2 2025, including popular titles like Squid Game and Stranger Things. However, Netflix is facing challenges in growing engagement per member household, and there is a concern about stagnation in domestic viewing share due to competition from other streaming services and free platforms.
Netflix Inc. (NASDAQ:NFLX) provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages.
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Disclosure: None. This article is originally published at Insider Monkey.