This fund supervisor nonetheless loves Netflix inventory

Velocity Funding Companions analyst Brianne Gardner sees latest weak spot in Netflix (Netflix Inventory Quote, Chart, Information, Analysts, Financials NASDAQ:NFLX) as a possibility for buyers keen to take a extra contrarian stance.

Talking on BNN Bloomberg’s Market Name on Feb. 20, Gardner mentioned that regardless of “a variety of noise across the inventory,” the timing is enticing as Netflix continues to strengthen its aggressive place.

“Whereas the streaming panorama is aggressive, Netflix stays the one platform with true world distribution,” she mentioned, pointing to industry-leading engagement, constant content material efficiency and sustainable constructive free money circulate.

Gardner added that the corporate’s password-sharing crackdown has improved monetization, whereas its ad-supported tier is gaining traction and subscriber traits stay strong.

She additionally highlighted enlargement into dwell occasions, sports activities, gaming and local-language content material as further progress drivers.

Shares of Netflix have gained 44.72% over the previous 5 years. Of the analysts overlaying the inventory, 40 charge it “Purchase,” 17 “Maintain,” and one “Promote,” with a consensus value goal of US$110.07. The shares closed Feb. 23 at US$76.02.

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Cantech Letter founder and editor Nick Waddell has lived in 5 Canadian provinces and is pleased with his nation’s usually missed contributions to the world of science and expertise. Waddell takes an everyday shift on the Canadian media circuit, making appearances on CTV, CBC and BNN, and contributing to publications reminiscent of Canadian Enterprise and Enterprise Insider.