Netflix is still a 'buy' even after its recent rally as revenue climbs: Barron's
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Netflix (NASDAQ:NFLX) is rated a 'buy' by Barron’s, despite a 25% stock surge since April, outperforming the S&P 500. The company remains resilient amid U.S.-China trade tensions, as it doesn't rely on imports. With over 300 million subscribers and a market cap nearing $500 billion, Netflix aims for $1 trillion by 2030. Its stock trades at 43 times forward earnings, reflecting long-term growth potential. New revenue streams, including an ad-supported tier, and expansion beyond streaming are expected to drive further growth, with earnings projected to rise 26% this year.
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