Forget Tesla: I Think This Stock Should Replace It in the "Magnificent Seven"
Thanks to strong corporate results, as well as the ongoing artificial intelligence (AI) boom, the so-called "Magnificent Seven" stocks are soaring to new heights. All of these companies have seen their share prices rise in the last 12 months, except for one.
Tesla (NASDAQ: TSLA) shares are down over 2% during that time frame. That's a sign that the market has grown pessimistic about the business and its prospects.
Instead of the electric vehicle stock, the Magnificent Seven should include (NASDAQ: NFLX), the world's dominant direct-to-consumer streaming service. Its shares have soared 77% in the past year. Here's my case.
Source Fool.com
Netflix Inc. Stock
€575.90
-0.620%
Our community is currently high on Netflix Inc. with 82 Buy predictions and 8 Sell predictions.
With a target price of 609 € there is a slightly positive potential of 5.75% for Netflix Inc. compared to the current price of 575.9 €.
