Stocks On the Rise: 8 Best Stocks to Invest in Now

3) Netflix, Inc. (NASDAQ:NFLX)

% Gain on a YTD Basis: ~49%

Number of Hedge Fund Holders: 103

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

Netflix, Inc. (NASDAQ: NFLX)’s growth trajectory is expected to seek support from its intangible assets and a network effect. Moreover, the company’s successful strategies in content development, market expansion, and product innovation should continue to fuel revenue growth in the near term. Netflix, Inc. (NASDAQ:NFLX) continues to focus on sustaining healthy revenue growth and margin expansion annually.

During the Q2 2024 earnings call, the company highlighted that live sports and events are valuable for member engagement, with exclusive events such as NFL games on Christmas Day. The company went on to say that generative Al is being integrated into the platform, with a focus on enhancing member experience and content discovery. Netflix, Inc. (NASDAQ:NFLX) has plans to spend $17 billion on content, targeting to thrill local and global audiences. It remains committed to improving its service in a bid to sustain revenue and profit growth.

Netflix, Inc. (NASDAQ:NFLX) has been prioritizing the achievement of critical-scale goals for the ads business by 2025. Therefore, its strategy and investments revolving around content, technology, and market expansion should continue to fuel growth. Market experts believe that, given its focus on scaling ads business, providing innovative experiences via Al, and targeting members through a diverse content slate, Netflix, Inc. (NASDAQ:NFLX) continues to position itself for long-term growth.

Analysts at KeyCorp increased the price objective on shares of Netflix, Inc. (NASDAQ:NFLX) from $735.00 to $760.00, giving an “Overweight” rating on 15 October. Polen Capital, an investment management company, released its second-quarter 2024 investor letter. Here is what the fund said:

 “Finally, we trimmed Netflix, Inc. (NASDAQ:NFLX) mostly due to valuation but also as a source of funds to add to the new position in Shopify. As a reminder, we added to our position in August 2022 amid broad concerns about the company’s ability to grow and monetize shared passwords. We expected Netflix to show progress in monetizing shared passwords, leading to robust free cash flow generation. This is now playing out and is appreciated by the market. Hence, given the balance of growth and valuation, we felt it was appropriate to reduce our exposure to a more normal weight.”