Netflix at $200 Isn't Crazy Anymore

Shares of Netflix (NASDAQ: NFLX) hit another all-time high this week. The leading premium streaming service is drifting higher after moving to hike prices on some of its plans last week. The ceiling is rising on Netflix's revenue per subscriber, and with that it's only natural to see the ceiling on the stock itself move up unless the dot-com darling stretches the limits of its pricing elasticity.

Longs are happy. Shorts are not. The stock hitting $199.40 on Monday finds it closing in on $200, a round sum that would actually be $2,800 if not for a pair of stock splits along the way. That's not too shabby for a stock that went public at $15 -- split-adjusted to $1.07 based on today's prices -- a little more than 15 years ago, only to go on to lose two-thirds of its value when it bottomed out a few months later. 

Netflix is rolling again, but good luck convincing naysayers that this isn't a bubble.

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Source: Fool.com