Shareholders Shouldn't Worry: Netflix Is Still a Growth Stock
Netflix's (NASDAQ: NFLX) recent sell-off (down 38% year to date), sparked by a weak first-quarter forecast for subscriber additions, indicates that investors have soured on the company. The powerful momentum from the pandemic, when everyone was stuck at home watching TV, has clearly faded. What's more, heightened competition from other streaming rivals has given consumers an unlimited number of viewing options at their fingertips.
So is Netflix still a growth stock? Here's why I think it most certainly is.
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Source Fool.com
