Is It Too Late to Buy Netflix Stock?
The list of businesses that have done better for their shareholders in the past 20 years than (NASDAQ: NFLX) is undoubtedly a very short one. This booming streaming stock has skyrocketed 13,500% during that time, certainly making millionaires along the way. In fact, a $7,500 initial investment back then would be worth more than $1 million today.
With a current market cap of $272 billion as Netflix shares approach record territory, is it too late to buy this stock?
A discussion about Netflix can't ignore how wonderful of a business it is. The key ingredient for the company's success is its first-mover advantage in the industry. Executives were convinced that the internet would radically shift how consumers viewed video content. And boy, were they right.
Source Fool.com
Netflix Inc. Stock
Currently there is a rather positive sentiment for Netflix Inc. with 80 Buy predictions and 7 Sell predictions.
As a result the target price of 649 € shows a slightly positive potential of 2.3% compared to the current price of 634.4 € for Netflix Inc..
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