Netflix: Horror Film Downdraft Possible In 2024 (Rating Downgrade)

Summary:

  • I am downgrading my rating of Netflix from Hold to Sell, as the valuation story is getting quite stretched, hurting future upside potential.
  • Technical trading momentum is fading fast, as buying volumes have disappeared since the middle of November.
  • Netflix should consider acquiring Paramount/CBS assets to expand its streaming library and improve financial performance.

Netflix

Wachiwit

Time and again, Netflix (NASDAQ:NFLX) has been able to reinvent itself to deliver well above average operating growth vs. the overall economy. Starting with the mailing of DVD movie discs to your house, moving to streaming video entertainment, and lately revamping


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