Analyst Says No Need to Sell Netflix (NFLX) Stock On Elon Musk's Campaign

We recently published Top 10 Trending Stocks as Famous Billionaire Predicts Massive AI Stock Rally Before Bubble Burst. Netflix Inc (NASDAQ:NFLX) is one of the trending stocks.

Guy Adami from CNBC Fast Money said in a latest program that Netflix Inc (NASDAQ:NFLX) stock has not “traded well” since its earnings, but the impact of Elon Musk’s backlash against the company should not cause investors to sell it.

Musk recently urged his followers to cancel their Netflix Inc (NASDAQ:NFLX) subscription over a controversy about an animated Netflix Inc (NASDAQ:NFLX) show featuring a transgender character, according to media reports.

Adami questioned whether subscription cancellations following Musk’s post would “move the needle” for Netflix Inc (NASDAQ:NFLX) and said many people would also sign up for the streaming service to “counter” the potential cancellations.

“I think 10% is sort of a big estimate, I guess. Yeah, let’s just play stock market here. Yes, you’re right. I think the math is right. It’s probably a little bit less than that, but is that going to move the needle necessarily? And you’re going to see people sign up on the back of that to counter it. So, I think there’s some mitigation. Again, Netflix Inc (NASDAQ:NFLX) has not traded well since earnings. I think we all can agree on that and maybe for the first time valuation is a concern. I will tell you Tom Rogers came on the show right around that earnings period and actually for the first time in years was somewhat cautious on Netflix Inc (NASDAQ:NFLX) which gave us all pause, but I don’t think this is a reason to sell the stock.”

Macquarie Core Equity Fund stated the following regarding Netflix, Inc. (NASDAQ:NFLX) in its second quarter 2025 investor letter:

“Netflix, Inc. (NASDAQ:NFLX) offers a subscription-based streaming service. We expect the company’s growth momentum will continue while investments in content and licensing grow at a slower rate, allowing for higher margins over the coming two to three years.”

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