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Barchart
Barchart
Sushree Mohanty

Wall Street Analysts See This Growth Stock as a Defensive Play Amid Recession Fears

Netflix Wall Street Benjamin Swinburne Recession Disney JPMorgan Morgan Stanley NFLX

Netflix (NFLX) has established a strong presence in the digital media and entertainment industries. As a result, it has been able to demonstrate resilience in the face of market volatility and intense competition from rivals such as Disney (DIS) and Amazon (AMZN), among others. While Disney has long been a dominant player in this space, Netflix is on track to dethrone it. In fact, Morgan Stanley analyst Benjamin Swinburne recently chose Netflix as his “top media” pick over Disney, describing it as a more “defensive” play in the current macro environment.

Valued at $394 billion, Netflix stock is up 3.4% year-to-date. Let’s find out if NFLX stock is a good buy now. 

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