Is Netflix a Buy?
(NASDAQ: NFLX) recently reported results for the third quarter, and they impressed Wall Street. While revenue of just over $8.5 billion was in line with analyst estimates, diluted earnings per share (EPS) of $3.73 handily beat forecasts.
But shareholders in this streaming-service stock care most about subscriber numbers. And Netflix crushed it in this regard, adding almost 8.8 million net new members during the last three-month period. It's no wonder the stock popped double digits following the news.
Does Netflix's strong momentum make the stock a buy? Let's take a closer look.
Source Fool.com
Netflix Inc. Stock
€553.30
1.260%
Currently there is a rather positive sentiment for Netflix Inc. with 81 Buy predictions and 7 Sell predictions.
As a result the target price of 598 € shows a slightly positive potential of 8.08% compared to the current price of 553.3 € for Netflix Inc..
