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
€79.30
0.050%
With 121 Buy predictions and 2 Sell predictions Netflix Inc. is one of the favorites of our community.
As a result the target price of 112 € shows a positive potential of 41.24% compared to the current price of 79.3 € for Netflix Inc..
