3 Reasons the Best Is Yet to Come for Netflix Investors
Netflix (NASDAQ: NFLX) came through with another blowout quarter after Monday's market close. Revenue, subscriber growth, and overseas margins exceeded the dot-com darling's own July guidance. Netflix did fall short on the bottom line -- lower margins at its domestic operations tripped up overall profitability relative to expectations -- but the market is once again emphasizing the positive.
Netflix stock hit a new all-time high on Monday just ahead of the report, and the well-received financials initially sent the shares even higher after the market close. The stock has soared 64% this year through Monday's close, and it may be awfully tempting to use this post-earnings pop to cash out. Let's go over a few of the reasons it may be OK to be greedy and hold out for potentially bigger gains in the future.
Image source: Netflix.
Source: Fool.com
Netflix Inc. Stock
Our community is currently high on Netflix Inc. with 82 Buy predictions and 8 Sell predictions.
With a target price of 608 € there is a slightly positive potential of 4.54% for Netflix Inc. compared to the current price of 581.6 €.
