Why Netflix Stock Was Slumping Today
Shares of Netflix (NASDAQ: NFLX) were sliding today in spite of a solid third-quarter earnings report last night.
The streaming giant delivered strong revenue growth, meeting estimates, but its profits were dinged by a Brazilian tax issue. That and the stock's premium valuation seemed to lead to the sell-off, and the stock was down 10% as of 11:29 a.m. ET.
Image source: Netflix.
Source Fool.com
Netflix Inc. Stock
€63.42
-1.180%
With 124 Buy predictions and 3 Sell predictions Netflix Inc. is one of the favorites of our community.
As a result the target price of 100 € shows a very positive potential of 57.68% compared to the current price of 63.42 € for Netflix Inc..
