Is Netflix (NFLX) One of the Best NASDAQ Growth Stocks to Buy for the Next 5 Years?

Netflix Inc. (NASDAQ:NFLX) is one of the best NASDAQ growth stocks to buy for the next 5 years. On October 24, Phillip Securities analyst Helena Wang maintained a Sell rating on Netflix and set a price target of $950.00.

However, on October 22, Rosenblatt raised the firm’s price target on Netflix to $1,530 from $1,515, while keeping a Buy rating on the shares. The firm reported that the company’s Q3 results would have exceeded expectations were it not for a one-time charge of $619 million related to a Brazilian tax matter. Rosenblatt based the decision to raise the target price on slightly higher earnings estimates for 2026.

The company’s CFO, Spencer Neumann, stated that this particular Brazilian tax is highly unique and no other tax looks or behaves like this in any other major country that Netflix operates in. He also confirmed that without this expense, Netflix would have exceeded its financial forecasts for both operating income and operating margin for Q3. Neumann also assured the market that the company does not anticipate that this matter will have a material impact on its results going forward.

Netflix Inc. (NASDAQ:NFLX) provides entertainment services and offers TV series, documentaries, feature films, and games across various genres and languages.

While we acknowledge the potential of NFLX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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