Can Netflix Stock Keep Powering Higher?
Shares of (NASDAQ: NFLX) have skyrocketed this year. As of this writing, the streaming TV and movie service company's shares have gained 47% year to date. This obliterates the S 500's approximate gain of 14% during this same time frame.
With so much momentum in Netflix's stock price, many investors are likely wondering: Can shares keep climbing higher? The short answer, of course, is "yes." But for investors asking the question with a deeper and more useful meaning behind it, the answer may not be as straightforward.
Prudent investors, for instance, are likely pondering whether the stock is still an attractive long-term investment after its recent big gains. After all, the stock's price-to-earnings ratio is now quite high at about 48. This means investors are already pricing in exceptional earnings growth for years to come.
Source Fool.com
Netflix Inc. Stock
Our community is currently high on Netflix Inc. with 80 Buy predictions and 7 Sell predictions.
With a target price of 644 € there is a slightly positive potential of 4.97% for Netflix Inc. compared to the current price of 613.5 €.
