Netflix is extremely overvalued. However, it has reasons for this valuation – GREAT GROWTH. The company’s revenue has been growing about 18.
Furthermore, NETFLIX is expected to grow much more rapidly given that it’s at its growth phase and not yet matured yet.
However, higher costs are expected to hit NETFLIX growth. Analysts are projecting extreme high growth fro NETFLIX.
I will let it rise to $200 first. It could be a good short term long, but it is much more risky.
This short may not occur anytime soon, as Netflix is still a beauty in the eyes of wall street. Those who are still long NETFLIX should continue to hold for a while longer.
Those that are keen to buy into it, be careful.
COMPETITORS include GOOGLE TV, APPLE TV, VERIZON TV…..
A quiet Sunday at Washington Square park. The ARCH looks like a n for NETFLIX…
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