3 Reasons to Sell Netflix Stock Now
Netflix (NASDAQ: NFLX) stock had been on a tear coming into its second-quarter earnings report, as excitement over a subscriber bump from its paid sharing rollout helped drive the stock price up 40% over the last three months. However, the leading streaming stock sold off after its earnings report on Thursday as weak revenue guidance in the third quarter overshadowed 5.9 million subscriber additions in the second quarter.
Additionally, there were other comments in the shareholder letter that may have turned off investors. Let's take a look at three reasons you may want to sell Netflix stock after the latest report.
Image source: Getty Images.
Source Fool.com
Netflix Inc. Stock
€579.10
-0.580%
Currently there is a rather positive sentiment for Netflix Inc. with 81 Buy predictions and 8 Sell predictions.
As a result the target price of 608 € shows a slightly positive potential of 4.99% compared to the current price of 579.1 € for Netflix Inc..
