Netflix, Inc. (NASDAQ:NFLX) is one of the Best Blue Chip Stocks Under $100 to Buy Now.
On June 4, Bernstein reiterated an “Outperform” rating and a price objective of $110.00 on the company’s stock
There are numerous factors that are impacting sentiments. These include the continued adoption of short-form and vertical content, stepped-up content spending, margin pressure, etc. The firm noted that when Netflix, Inc. (NASDAQ:NFLX) was performing well, the narrative was backed by robust growth in subscribers, pricing power, and growth in operating leverage resulting in the margin expansion and EPS growth.
Such core drivers are intact, added the firm, while highlighting that the law of large numbers is impacting the outlook. The other long-term uncertainties are AI, engagement, and a shift in consumer expectations. As per the analyst, Netflix, Inc. (NASDAQ:NFLX) happens to be a low‑cost streaming utility, which has a big room to grow outside the English‑speaking markets.