Netflix Stock Just Notched a New All-Time High. Is This a Brilliant "Recession-Proof" Stock Pick?

Group 1 - Netflix recently achieved a new all-time high in stock price, contrasting with a general decline of about 20% in the tech sector, suggesting market confidence in its recession resilience [1][3] - The service is perceived as essential and unlikely to be cut during economic downturns, with many consumers returning for new content despite price hikes [2][3] - Netflix's subscription model offers significant value, providing access to thousands of titles for less than the cost of a family dinner, enhancing its appeal during times of financial strain [3] Group 2 - Netflix's current market capitalization is approximately $481 billion, with a goal set by co-CEO Ted Sarandos to reach $1 trillion by 2030, implying a potential doubling of stock value [4] - The stock trades at a high valuation of 52.5 times earnings and 43 times forward earnings, which may pose challenges to achieving the ambitious valuation goal [5][9] - Compared to peers like Nvidia, Alphabet, and Meta Platforms, Netflix's forward P/E ratio is significantly higher, indicating that substantial growth is already factored into its stock price [8]