Should You Buy the Netflix Dip?
(NASDAQ: NFLX) delivered a strong first quarter, but the market was not happy about it. There seemed to be a disconnect between the numbers the streaming service presented and how investors ultimately feel about the forward guidance.
This led to the stock price plunging 10% on Friday, April 17. Long-term investors should see this sudden dip as a solid entry point into a company that's steadily expanding globally, rather than a warning sign of future weakness.
Investors who were upset with the lukewarm forward outlook are missing a bigger point. Netflix has a massive opportunity outside of the United States. The streamer has penetrated less than 45% of the total addressable market, leaving plenty of eyeballs to capture through subscriptions.
Source Fool.com
Netflix Inc. Stock
The stock is one of the favorites of our community with 124 Buy predictions and 3 Sell predictions.
With a target price of 101 € there is a positive potential of 48.16% for Netflix Inc. compared to the current price of 68.17 €.
