Wall Street Analysts Are Bearish on This Artificial Intelligence (AI) Stock. Here's Why I'm Not.
Buy-side stock analysts can be helpful. They often come with advanced financial skills and training, vetted through many years or even decades of experience in money management. So, it can make sense to check out what Wall Street professionals are saying about your next investing idea.
That said, they don't always have the right answers or the best analysis. In most cases, analysts' consensus stock ratings are backward-looking reviews of recent events -- not insightful projections of what could happen in the future.
The Street was only mildly enthusiastic about Nvidia before the ChatGPT release made it a market darling. When (NASDAQ: NFLX) was a no-brainer buy in the wake of the Qwikster crisis of 2011, the consensus analyst view on that stock was a hold, with a slight leaning to the bearish side. That turned out to be a fantastic time to buy Netflix stock, with returns of more than 5,300% in the next 12 years.
Source Fool.com
Netflix Inc. Stock
Our community is currently high on Netflix Inc. with 81 Buy predictions and 7 Sell predictions.
With a target price of 643 € there is a slightly positive potential of 5.17% for Netflix Inc. compared to the current price of 611.4 €.
