Netflix (NFLX) Keeps Momentum with Strong Content Pipeline, Says Piper Sandler

Netflix Inc. (NASDAQ:NFLX) is one of the best big tech stocks to buy right now. In a late-July note, Piper Sandler analyst Thomas Champion maintained a Buy rating on Netflix and kept his price target at $1,500. Champion’s positive stance is based on recent improvements in viewership trends and a strong content pipeline.

The analyst argues that June’s Nielsen’s Top 10 Viewership data showed a solid rebound in Netflix’s audience numbers after a period of softness. He linked the turnaround to the launch of popular titles such as Ginny & Georgia Season 3, Blindspot, and Squid Game Season 3.

Netflix has a heavy slate for the second half of the year, with new seasons of Stranger Things and Bridgerton expected to draw in more subscribers and keep momentum going. Champion also pointed to growth in Netflix’s advertising business as another potential revenue driver.

According to the analyst, the company’s subscriber and revenue targets remain within reach, and the combination of popular content and new monetization avenues supports the current bullish outlook on the stock.

Netflix Inc. (NASDAQ:NFLX) is a global streaming entertainment service that offers a diverse array of movies, TV shows, games, and more, with unlimited viewing on internet-connected devices.

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Disclosure: None. This article is originally published at Insider Monkey.