It's no secret that I like Netflix (NASDAQ: NFLX), both the company and the stock. The streaming video veteran is the largest component of my real-money holdings and accounts for 30% of my Motley Fool CAPS score.

But no stock is perfect, and things are changing quickly for Netflix. The stock has nearly doubled over the last year in a bull run powered by global COVID-19 lockdowns. Is Netflix still a buy at these lofty prices, or is this skyrocketing stock just too expensive right now?

Let's have a look.

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Source Fool.com