Netflix's (NFLX) Seasonal Tailwinds and Pricing Power Justify Bernstein's Buy Rating

Netflix Inc. (NASDAQ:NFLX) is one of the best ESG stocks to buy now according to hedge funds. On September 2, Bernstein analyst Laurent Yoon reiterated a Buy rating on Netflix (NASDAQ:NFLX) with an unchanged price target of $1,390.

Yoon said Netflix’s Q2 numbers and guidance were uneven, but the stock held up because of its market strength and investor fear of missing further gains. He also pointed out that subscriber growth usually improves later in the year as new shows are released and marketing efforts increase.

He believes these seasonal tailwinds, combined with Netflix’s large audience and pricing leverage, should lift both revenue and margins. Near-term softness, he added, could give investors an attractive entry point. That said, the longer-term growth outlook continues to justify an Outperform rating.

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.