Is Now the Time to Buy Netflix Stock?
(NASDAQ: NFLX) stock's stellar year was threatened this week. The company reported third-quarter results, and shares slipped even though the streaming and entertainment provider posted 17.2% year-over-year revenue growth. The streaming-TV specialist also said its ad-supported tier recorded its best ad sales quarter to date.
So why did the stock slip after the report?
Investors appear to be weighing two things at once. First, the stock's valuation arguably already reflected a lot of that progress. Additionally, a Brazilian tax expense hit reported profit, causing the company to miss analysts' estimates for earnings per share.
Source Fool.com
Netflix Inc. Stock
€67.58
-0.380%
The stock is one of the favorites of our community with 125 Buy predictions and 3 Sell predictions.
With a target price of 100 € there is a positive potential of 47.97% for Netflix Inc. compared to the current price of 67.58 €.
