Will Netflix Stock Burn Investors Next Month?
One of this year's more compelling comeback stories is Netflix (NASDAQ: NFLX). The leading premium streaming video service saw its shares come under pressure last year when rival platforms entered the market with more buzz than a honey-soaked beehive. It also fell short of its historically conservative guidance for net subscriber additions in back-to-back quarters.
Netflix is holding up considerably better in 2020. The stock is crushing the market with its 32% year-to-date return through Monday's close. It has become the quintessential stay-at-home winner, ground zero for some of the hottest shows and movies in the new normal. Netflix is also coming off a blowout quarter, when it delivered record subscriber growth back in April. There's bullish momentum here as we close out the first half of 2020, but there's at least one analyst concerned with how the second quarter will pan out.
Image source: Netflix.
Source Fool.com
