Key Points
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AI stocks are great, but a portfolio needs balance.
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Netflix has taken a hit this year, and itʻs the cheapest in four years.
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This is a good time to consider adding some shares of Netflix.
- 10 stocks we like better than Netflix ›
Netflix (NASDAQ: NFLX) is currently trading at $77 per share, down 17% year-to-date and 35% over the past year, marking its lowest valuation in recent years with a P/E ratio of 24. This decline is attributed to challenges like its unsuccessful attempt to acquire Warner Bros. Discovery and slowing revenue growth.
Analysts are optimistic, with 69% rating Netflix as a buy and a median price target of $93.50, suggesting a potential 21% upside. The company is adapting its strategy by increasing live content and boosting its ad tier service to drive new subscriptions and revenue.
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