(NASDAQ: NFLX) has taken investors on a wild ride over the past two years. The streaming media giant's shares surged during the buying frenzy in growth stocks and closed at an all-time high of $691.69 on Nov. 17, 2021.

However, Netflix's stock plummeted to a multiyear low of $164.28 on June 14, 2022, as its growth decelerated, it lost subscribers for the first time in over a decade, and rising interest rates deflated its valuations. But after sinking to that nadir, Netflix's stock more than doubled to about $380 over the past year.

Is it finally safe to buy Netflix's stock after those massive price swings? Let's review four reasons to buy Netflix and one reason to sell it -- to see whether it's still a good investment.

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Source Fool.com