Netflix May Be The Cheapest It Has Ever Been, Reiterate Buy
NFLXNetflix(NFLX) Seeking Alpha·2024-07-22 23:00
Richard Drury We previously covered Netflix, Inc. (NASDAQ:NFLX) (NEOE:NFLX:CA) in April 2024, discussing why it remained a Buy after the market's over-reaction to the new subscriber reporting standard and the overall tech market declines nearing the Q1'24 earnings season. Despite the maturing streaming business, the company's inherent profitability and robust shareholder returns continued to demonstrate its long-term investment thesis, with market leaders rarely coming cheap. Since then, NFLX has alread ...