Jim Cramer Latest Stocks: 23 Stocks He Just Talked About

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4. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders In Q3 2024: 121

Netflix, Inc. (NASDAQ:NFLX) is the largest video streaming company in the world whose early mover advantage has allowed it to build an enviable moat. The moat is clear through the firm’s 282.7 million user base. Netflix, Inc. (NASDAQ:NFLX)’s narrative depends on its ability to further monetize its already sizable user base and add more users under its wing. Simultaneously, its growing popularity in sports coverage has lent the stock additional tailwinds in 2024. After discussing Loop Capital’s $950 share price target hike for Netflix, Inc. (NASDAQ:NFLX) a day earlier, this time around, Morgan Stanley was on his mind. The bank’s analyst Benjamin Swinburne had increased the video streaming company’s share price target to $1,085:

“Which is why I bring you to still one more Netflix price target bump by Swinburne. Is Swinburne turning into a guy who just wants to go with the flow?”

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