Here's Why Netflix Stock Is Still Uninvestible Despite Subscriber Growth
To say Wall Street loved 's (NASDAQ: NFLX) quarter may be an understatement, as the stock shot up 16% the day following the report. Most of this enthusiasm stemmed from growing paid memberships and strong guidance, but I still have reservations about Netflix stock.
Despite a good third quarter, I still think Netflix stock is uninvestible. If you're curious about why I have a contrarian view, read on to find out.
Netflix's subscriber growth can be traced to a few catalysts, namely an advertising tier and a crackdown on password sharing. This forced many Netflix faithful subscribers to either pay for their own memberships or pay more for the primary subscriber's membership.
Source Fool.com
Netflix Inc. Aktie
616,20 €
-1,41 %
Leichte Kaufneigung bei Netflix Inc., mit mehr Buy- als Sell-Einschätzungen.
Für Netflix Inc. ergibt sich mit einem Kursziel von 644 € ein leicht positives Potenzial gegenüber dem aktuellen Kurs von 616.2 €.
