This fund manager still loves Netflix stock

Velocity Investment Partners analyst Brianne Gardner sees recent weakness in Netflix (Netflix Stock Quote, Chart, News, Analysts, Financials NASDAQ:NFLX) as an opportunity for investors willing to take a more contrarian stance.

Speaking on BNN Bloomberg’s Market Call on Feb. 20, Gardner said that despite “a lot of noise around the stock,” the timing is attractive as Netflix continues to strengthen its competitive position.

“While the streaming landscape is competitive, Netflix remains the only platform with true global distribution,” she said, pointing to industry-leading engagement, consistent content performance and sustainable positive free cash flow.

Gardner added that the company’s password-sharing crackdown has improved monetization, while its ad-supported tier is gaining traction and subscriber trends remain solid.

She also highlighted expansion into live events, sports, gaming and local-language content as additional growth drivers.

Shares of Netflix have gained 44.72% over the past five years. Of the analysts covering the stock, 40 rate it “Buy,” 17 “Hold,” and one “Sell,” with a consensus price target of US$110.07. The shares closed Feb. 23 at US$76.02.

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