Netflix continues gains for seven straight sessions
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Netflix (NASDAQ:NFLX) shares continued gains for seven straight sessions of gains, as the stock closed 0.8% higher at $917.87 on Thursday.
The California-based streaming giant gained about 4% in the preceding six sessions. Overall, the stock has gained 89% so far this year, outperforming the nearly 28% rise in the broader S&P 500 Index.
NFLX is up 21% over the past one month. The stock closed nearly 1% higher on Wednesday at $911.06.
Looking at Seeking Alpha’s Quant Rating, NFLX has a Hold rating with a score of 3.48 out of 5. The company received A+ in the prospect of profitability, while it got a D- in valuation factor.
Turning to the Wall Street community, 28 analysts gave NFLX a Buy and above. 14 analysts have given the stock a Hold recommendation, and four recommended Sell or lower.
Seeking Alpha analysts are also cautious and see the stock as a Hold.
The company, in October, impressed investors with its third quarter earnings report as it topped expectations for profits and user growth.
“Netflix’s superior content, recommendations, and user interface give it a competitive edge in the streaming space, attracting and retaining subscribers,” noted a recent Seeking Alpha analysis by Tangerine Tan Capital.
However, another Seeking Alpha analyst Kevin George said Netflix’s subscriber growth may be plateauing and despite record-high net margins from restructuring, cost of revenue has stabilized, indicating potential margin pressures ahead.