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. Stock
€587.40
1.000%
Our community is currently high on Netflix Inc. with 81 Buy predictions and 8 Sell predictions.
With a target price of 609 € there is a slightly positive potential of 3.68% for Netflix Inc. compared to the current price of 587.4 €.
