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Netflix Inc. (NASDAQ:NFLX) is one of the best forever stocks to buy, according to analysts. On June 5, Netflix appointed venture capitalist Jay Hoag as chairman of the board, taking over from co-founder Reed Hastings.

Hoag has been serving on the streaming giant’s board since 1999, in addition to serving on the boards of Zillow Group and Peloton Interactive. He has served as Netflix’s lead independent director, a role that the company no longer wishes to fill following his ascension to chairman of the board. Hoag takes over as chairman of the board, having played a critical role in Netflix’s evolution from a DVD-by-mail business to the world’s largest streaming platform.

He takes over at a time when the company is expanding its footprint beyond streaming content into advertising to pursue a new revenue stream. In addition, the company is venturing deeply into live programming while also investing in original content. The company has also heightened its focus on sports programming and interactive entertainment to enhance subscriber engagement on the network.

Netflix Inc. (NASDAQ:NFLX) is a global entertainment company that operates a subscription-based streaming service, offering on-demand access to a vast library of TV series, feature films, documentaries, mobile games, and live programming.

While we acknowledge the potential of NFLX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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