Should You Buy Netflix Stock?
While its shares haven't been immune to the recent stock market slump, Netflix (NASDAQ: NFLX) is defying gravity lately. The stock is up 5% in the past three months even as the S&P 500 dived 20% on COVID-19 fears.
Investors see the streaming video giant as a safe bet for continued growth as people around the world prioritize at-home entertainment during coronavirus containment efforts. Netflix might remain an attractive business during any economic downturn, too, since consumers are likely to find room in their budgets for its relatively small monthly fee even if incomes decline.
But is Netflix stock a good buy today? Let's look at why you might consider purchasing shares if you don't already own this top-performing growth stock.
Source Fool.com
