Up 44% This Year, Is Netflix Stock a Buy, Sell, or Hold?
The S 500 has risen nicely this year, climbing 12%. But some stocks have soared much more. One of them is (NASDAQ: NFLX). The streaming services stock has skyrocketed higher, earning shareholders a 44% gain year to date. While Netflix investors are likely happy with the year-to-date gain, such a big move prompts an important question. Is the stock a buy, sell, or hold after such a huge run-up?
Before we dig into whether or not shares look attractive today, let's first review how we got here. It's been quite a journey for Netflix shareholders over the last few years.
If you think Netflix's 44% year-to-date gain is good, try zooming out to a 12-month look at the stock. Over the trailing 12 months, shares have more than doubled, rising about 108%. But here's what's even more wild: Even including this staggering gain over the last 12 months, shares are still down a total of 30% since the beginning of 2022.
Source Fool.com
Netflix Inc. Stock
Currently there is a rather positive sentiment for Netflix Inc. with 81 Buy predictions and 8 Sell predictions.
As a result the target price of 608 € shows a slightly positive potential of 4.99% compared to the current price of 579.1 € for Netflix Inc..
