Is It Too Late to Buy Netflix Stock?
's (NASDAQ: NFLX) stock price dropped 8% on July 20 after the streaming video leader posted its second-quarter results. Its revenue rose 2.7% year over year to $8.19 billion but missed analysts' estimates by $100 million. Its net income grew 3% to $1.49 billion, or $3.29 per share, and beat the consensus forecast by $0.44.
Its paid subscribers grew 3% sequentially and 8% year over year to 239 billion. All of those growth numbers seemed stable, but investors were likely looking for even higher numbers to justify the stock's year-to-date gain of more than 60% prior to its earnings report.
So is it too late to buy Netflix's stock after its post-earnings decline?
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..
