Netflix: Rally Far From Being Over

Summary:

  • Netflix’s stock has gained almost 29% since my first call, outperforming the broad market.
  • The company’s recent earnings report showed steady revenue growth and improved profitability metrics.
  • Despite competition and potential risks, Netflix is undervalued and has a strong pipeline of new products, making it a “Strong Buy”.

Штаб-квартира Netflix Лос-Gatos

JasonDoiy/iStock Unreleased via Getty Images

Investment thesis

My first article about Netflix (NASDAQ:NFLX) stock aged really well, with the stock price gaining almost 29% since then. To compare, the broad market rallied less than 7% during the same period.


Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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