Is Netflix Stock a Buy After Its Spectacular Fall From Grace?

Netflix (NASDAQ: NFLX) stock plunged in dramatic fashion on Wednesday, losing roughly a third of its value overnight. The catalyst that had investors running for the exits was news that the streaming pioneer actually lost subscribers during the first quarter, something that hasn't happened in more than 10 years.

Factoring in today's decline, Netflix is down more than 67% since November. Given its spectacular fall from grace, is Netflix stock a buy?

Like so many things, the answer isn't the same for every investor, but there are a number of factors that suggest Netflix still has plenty of growth ahead.

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Source Fool.com