Here's Why Smart Investors Are Buying Netflix Stock
Netflix (NASDAQ: NFLX) has dominated the streaming market over the last decade and has gained a massive amount of subscribers. The stock has already delivered monster returns to investors in recent years, but some of the brightest minds still see upside.
Two notable investment firms with long-term track records of beating the market have been buying shares this year. Oakmark and Ruane, Cunniff & Goldfarb added shares of Netflix in the second quarter. These two firms are known for investing in quality stocks trading at discounts to their intrinsic value, but why buy Netflix in 2021? This isn't an up-and-coming entertainment juggernaut anymore.
However, even after a decade's worth of multibagger gains, it possesses enduring qualities that should allow the business to grow much more valuable over the next 10 years. It has a forward-thinking corporate culture, improving profitability to increase its content budget, and a growing streaming market to deliver market-beating returns.
Source Fool.com
