Netflix Has Become Too Pricey


  • Netflix is facing major challenges as the stock closes the previous peak of over $675 which it reached at the end of 2021.
  • There is an increase in streaming competition from Big Tech companies who are going all in to add new subscription revenue stream.
  • The overall streaming business is also facing a saturation point as customers are unwilling to pay higher prices for several streaming platforms.
  • Investors should also be wary about the recent bull run in Netflix which has made the stock too pricey.
  • I believe Netflix’s high growth days are behind it and with a PE ratio of 45 the stock could see a strong correction if there is any dip in revenue growth.

Over the shoulder view woman wearing headphone watching Movie Video on demand on laptop in the living room at home

ATHVisions/E+ via Getty Images

Netflix (NASDAQ:NFLX) stock is close to reaching its previous peak of over $675 which we saw towards the end of 2021. There was a strong correction in the stock in late 2021 and early 2022 which

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