Is It Time to Buy Netflix Stock?

Despite reporting subscriber growth that was significantly higher than analysts' average estimate, shares of Netflix (NASDAQ: NFLX) have tumbled since the company's second-quarter update earlier this month, falling about 8%.

Could this be a buying opportunity for investors? According to a handful of analysts covering the stock, it's a good time to get in on this growth story. In fact, five analysts have increased their 12-month price targets for the stock to $600 or greater following the company's second-quarter report.

Image source: Getty Images.

Source Fool.com