Netflix, Inc. (NASDAQ:NFLX) is among the 12 Most Profitable NASDAQ Stocks to Buy Right Now. On January 27, Freedom Capital Markets upgraded the stock to Buy from Hold, with a price target of $104.
The adjustment followed the company’s fourth-quarter results, which beat Wall Street’s estimates for both revenue and earnings, driven mainly by an 8% increase in membership to 325 million subscribers from late 2024. Another highlight of the quarter was the streaming giant’s advertising revenue, which grew more than 2.5x to over $1.5 billion.
Based on the recommendations of 40 analysts, the stock is a Moderate Buy with a one-year average share price target of $114.79, representing an upside of 37.49% as of the close on January 30.
In other news, on January 20, Netflix, Inc. (NASDAQ:NFLX) announced that it had revised the agreement with Warner Bros. Discovery (WBD) for the latter’s pending acquisition to an all-cash transaction, as part of efforts to close the doors on Paramount’s rival offer. The takeover price would remain $27.75 per WBD share.
Netflix, Inc. (NASDAQ:NFLX) is a global entertainment company offering TV series, documentaries, movies, and games across multiple languages and genres.
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