In a year when many tech stocks have felt the pinch of economic uncertainty, Netflix (NASDAQ: NFLX) is flipping the script, and investors are watching closely.

As of May 20, 2025, Netflix stock is trading around $1,182 per share, bringing its market capitalization to just over the $500 billion mark. That’s an incredible rebound story in a market that’s been, frankly, full of plot twists.

So, is Netflix still worth buying even after such a run-up? Yes, and here’s why.

The Ad-Tier is No Longer a Side Character

Netflix’s once-experimental ad-supported tier is now one of the platform’s main characters. It recently hit 94 million monthly active users, growing 34% since November. That’s not just good, it is game-changing.

It opens up new revenue channels without cannibalizing the premium tier.

The Content Engine Keeps Firing

With mega-hits like Bridgerton, Stranger Things, and Squid Game returning this year, Netflix is reminding everyone why content is king. And it’s not just about views; subscriber retention and global appeal are mega influences here.

Wall Street’s Mixed Signals

Seaport Research recently boosted its price target to $1,230, noting Netflix’s resilience in uncertain markets. Meanwhile, JPMorgan downgraded the stock to “neutral,” warning that recent gains may have priced in too much optimism. It’s a classic case of fundamentals vs. fear.

Tariff Tailwinds? Surprisingly, Yes

Ironically, Netflix is benefiting from new tariffs that are squeezing physical goods. Investors are rotating back into digital-first giants, and Netflix is at the top of the queue.

What’s Your Verdict, Amigo?

Here’s a push (in case you are confused).

If you’re thinking long-term, Netflix still has room to grow. Between ad revenue, hit content, and smart global partnerships, it is surviving and evolving.

The stock may be expensive, but the story it’s telling seems to be one worth investing in.