10 Stocks with Consistent Growth to Buy

8. Netflix Inc. (NASDAQ:NFLX)

5-Year Revenue CAGR: 15.54%

Number of Hedge Fund Holders: 103

Netflix Inc. (NASDAQ:NFLX) is an American entertainment company known for its streaming service that offers a wide variety of TV shows, movies, documentaries, and original content. The company has invested heavily in producing original programming, such as popular series like “Stranger Things” and “The Crown,” which have helped attract millions of subscribers worldwide. Netflix boasts more than 270  million paid memberships across more than 190 countries. Subscribers enjoy a vast selection of TV series, films, and games in various genres and languages, making Netflix a popular choice for diverse audiences.

The company is actively enhancing its business and performance, demonstrating strong growth in Q3 2024. Netflix Inc. (NASDAQ:NFLX) reported a 15% increase in revenue year-over-year, driven by a 15% rise in average paid memberships. Its operating income surged by 52%, reaching $2.9 billion. This growth reflects Netflix’s successful strategy of delivering popular new series and films, such as “The Perfect Couple”, “Emily in Paris”, and “Beverly Hills Cop: Axel F,” which have resonated well with audiences.

Looking ahead, Netflix Inc. (NASDAQ:NFLX) is focused on expanding its advertising business, which saw a 35% increase in memberships quarter-over-quarter. The company is working to grow its advertising business and enhance its services for advertisers. Netflix plans to launch its new advertising technology platform in Canada in the fourth quarter of 2024, with a broader rollout expected in 2025.

Netflix is also gearing up for a strong Q4 slate with highly anticipated content like “Squid Game” Season 2, the Jake Paul/Mike Tyson fight, and live NFL games on Christmas Day. With healthy engagement levels and a commitment to improving its offerings, Netflix Inc. (NASDAQ:NFLX) is well-positioned for continued revenue and profit growth, making it an attractive stock option for investors seeking long-term value.

In the last five years, Netflix Inc. (NASDAQ:NFLX) has achieved an average revenue growth rate of 15.54% annually, while its net income has grown at an average rate of 43.86% during the same period. This brings NFLX to the 8th spot on our list of the 10 stocks with consistent growth to buy.

According to Insider Monkey’s Q2 2024 database of over 900 hedge funds, 103 hedge funds held stakes in Netflix Inc. (NASDAQ:NFLX).