Down 29% Since June, Is Netflix Stock a Buy?
Shares of (NASDAQ: NFLX) are down about 29% from the end of June. Part of the growth stock's slide was driven by a post third-quarter earnings sell-off largely tied to a one-time Brazilian tax charge, but a good portion of it has come more recently, fueled by merger drama that is now spilling into a bidding war.
At the same time, the streaming specialist's underlying business has been firing on all cylinders, featuring double-digit revenue growth and soaring free cash flow. And the company's 3-year-old advertising business is also growing quickly.
So, the pullback's timing -- during a period of business strength for the company -- makes the stock more interesting again. But are shares cheap enough to make them a buy, or should investors wait for a lower price?
Source Fool.com
Netflix Inc. Aktie
Netflix Inc. erfreut sich großer Beliebtheit, mit einer hohen Zahl an Buy- und niedriger Zahl an Sell-Einschätzungen.
Die Community erwartet für Netflix Inc. ein Kursziel von 110 €, was eine Steigerung von über 20% gegenüber 90.47 € bedeuten würde.
