Netflix (NFLX) stock is becoming increasingly attractive as it innovates its product offerings, according to one Wall Street Analyst. Mark Mahaney, Evercore ISI’s Senior Managing Director & Head of Internet Research points to Netflix’s ad-tier rollout and its subsequent lower priced options as key catalysts for the stock over the next twelve months. Mahaney, who has an outperform rating and $400 price target on the stock for the next year lists Netflix as a top pick in the tech sector. Netflix’s password crackdown weighed on shares over the last several months but have since rebounded as investors shift their focus to the the increased revenue Netflix could gain from more users paying their own way to use the platform, Mahaney argues. The analyst’s price target reflects nearly 30% upside from where Netflix shares closed on Friday and comes along other top picks in the tech sector such as Meta (META) and Uber (UBER). Yahoo Finance’s Seana Smith and Dave Briggs sit down with Mahaney to discuss his bull case for Netflix. Key moments 0:00:05 - Top tech picks 0:00:31- The potential positives for Netflix stock
In the latest trading session, Uber Technologies (UBER) closed at $31.93, marking a +0.47% move from the previous day.
Let's review a trio of stocks which fit that description -- UiPath (NYSE: PATH), Uber (NYSE: UBER), and Oracle (NYSE: ORCL) -- and why they're no-brainer buys for long-term investors. UiPath's robotic process automation (RPA) tools can be integrated into an organization's existing infrastructure to automate repetitive tasks like entering data, processing invoices, sending out mass emails, and onboarding customers.