14 Stocks That Jim Cramer Recently Talked About

2. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders In Q3 2024: 121

Netflix, Inc. (NASDAQ:NFLX) is the global leader in video streaming. With 282.7 million subscribers under its belt, the firm enjoys a wide moat in the industry. Yet, its customer size has also created doubts about future growth. Netflix, Inc. (NASDAQ:NFLX)’s hypothesis depends on monetizing its user base and adding new users to grow revenue. The potential slowdown was also at the heart of an analyst note from Loop Capital which downgraded the stock to Hold from Buy and increased the price target to $950 from $800. Analysts cited stretched valuation multiples for the stock as they shared that these mean that Netflix, Inc. (NASDAQ:NFLX) had little room for further growth. Cramer commented on the latest note and shared:

“But in retrospect, was there anything more obvious than this than Tesla. That’s the problem, only retrospect. They seem too easy.”