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Netflix Stock - just how high can/will it go?
Posted on 6/20/18 at 10:42 am
Posted on 6/20/18 at 10:42 am
Just a scorching last 3-6 months and it’s gaining like 2-3% daily lately.
I have a small position and looking to add. Surely this is a 700-800$ stock in the next year?
I have a small position and looking to add. Surely this is a 700-800$ stock in the next year?
Posted on 6/20/18 at 10:52 am to Blackfield
what goes up, must come down.
Posted on 6/20/18 at 11:07 am to finchmeister08
That’s the laziest or most ignorant response, which I typically do hear. What goes up doesn’t necessarily have to come down in the world of finance.
Examples?
1) Market cap of the S&P500 over time
2) Price inflation on most goods
3) Global GDP
4) World population
5) Nominal wages
There’s a thousand other examples. Not to say NFLX can’t take a big dive, because valuations ARE pricing in a massive burden on NFLX growth. If NFLX loses market share or has an operational hiccup or the economy slows, good luck.
I just wanted to comment because your reply sucked.
Examples?
1) Market cap of the S&P500 over time
2) Price inflation on most goods
3) Global GDP
4) World population
5) Nominal wages
There’s a thousand other examples. Not to say NFLX can’t take a big dive, because valuations ARE pricing in a massive burden on NFLX growth. If NFLX loses market share or has an operational hiccup or the economy slows, good luck.
I just wanted to comment because your reply sucked.
Posted on 6/20/18 at 11:44 am to Blackfield
I got in at $80. If there happens to be a dip I’ll probably buy some more.
I just grabbed some IQ just hoping it grows to what half of what Netflix has done.
I just grabbed some IQ just hoping it grows to what half of what Netflix has done.
Posted on 6/20/18 at 12:28 pm to tke_swamprat
I definitely think it’s the most overvalued of the fang stocks.
Posted on 6/20/18 at 6:33 pm to Blackfield
The only thing I have to add is that I bought 200 shares at about $65 a share. I sold said 200 shares in October 2016 at about $91 a share. I made $5,500 and a 30% gain.
I had no idea how high it had gotten until I saw this thread today. $416 at close today.
$416-$91=$325 a share x 200 shares = $65,000
If everyone predicted the market perfectly, none of us would be working I guess.
I had no idea how high it had gotten until I saw this thread today. $416 at close today.
$416-$91=$325 a share x 200 shares = $65,000
If everyone predicted the market perfectly, none of us would be working I guess.
Posted on 6/20/18 at 6:41 pm to FulshearTiger
one or two big bets can change your life if you have the balls to hold on and know what you got.
Posted on 6/20/18 at 6:43 pm to oklahogjr
Wasn't necessarily the balls. It was simply a matter of being happy at the time with a 30% gain and I don't even think I held the stock for a year. Turning 18k into 23.5k in less than a year always looks great
I currently hold 25 shares of Google though. Might be in a gold position on those now.
I currently hold 25 shares of Google though. Might be in a gold position on those now.
Posted on 6/20/18 at 6:52 pm to FulshearTiger
quote:
If everyone predicted the market perfectly, none of us would be working I guess.
Yea I bought Lowe’s at around $17 and sold out at $30. I think it hit around $80? I haven’t looked though. I also sold Apple at $130. Like you said in a different post, was satisfied and just took the profits. Visa though, my arse ain’t selling for at least the next couple decades.
Posted on 6/20/18 at 7:58 pm to FulshearTiger
I wish I would have put more money in Netflix. I had split my money up. Only put 3k in it. It’s worth 13k. I can’t complain. All of the other stocks I invested in I have sold and reinvested in a mutual fund and IQ.
Posted on 6/20/18 at 9:02 pm to Blackfield
I’m just not sure how Netflix continues gaining market share unless it can continue to pump out original content. Because if it can’t, the only advantage it has is that of first mover. With the rise of HBO, STARZ, etc pushing out their own streaming services, I have a hard time figuring out how Netflix is going to compete with content producers.
Posted on 6/20/18 at 9:04 pm to Blackfield
Can anyone explain to me the insane valuation placed on Netflix? They haven't turned a profit yet correct? At what point do they begin to turn a substantial profit considering the insane prices it takes to purchase the right to these shows and movies and Hulu, HBO, etc and the upcoming Disney streaming service?
Posted on 6/20/18 at 9:52 pm to Parade Grounds
quote:They burn through cash, and I guess they have a negative cash flow. However, maybe it's an accounting trick, but u don't see a quarter with negative net income dating back to 2005:
They haven't turned a profit yet correct?
Netflix Macrotrends
In addition, their net income is growing rapidly and their revenue is growing, but more steadily. For example, over the recent 5 quarters their net income has grown 28.7% per quarter compared to 3.5% in the previous 5 quarters, a major growth increase. On other hand, their revenue has grown 7.3% over the recent 5 quarters compared to 6.0% the previous 5 quarters, a modest and more steady growth.
So steady revenue growth, with a slight increase, and rapid net income growth indicates to me that they're growing despite the competition yet becoming far more profitable in the meantime. So the completion hasn't slowed them down, and if they did, they seem to be able to offset they with profitability.
This is probably why their trailing P/E is 279 but their forward P/E is a 91, which is a trend you would hope a growth stock would eventually realize.
And personally, while I share your concerns about competition, Netflix and Amazon are the two companies I've just been amazed to see how they've adapted proactively while shifting the traditional models of service and delivery of those devices upside-down, helping put major companies in multiple industries in difficult situations or just completely out of business altogether.
This post was edited on 6/21/18 at 11:03 am
Posted on 6/21/18 at 6:57 am to Joshjrn
quote:
I’m just not sure how Netflix continues gaining market share unless it can continue to pump out original content
Netflix has been the best content producer for the last two years at least IMO.
Posted on 6/21/18 at 7:18 am to Blackfield
I don't like to talk about things I'm not educated in, but from a macro, Netflix is all about attention. I don't know what the books say, but I know Netflix has the attention of almost every single 14-40 year old in the United States. Will be interesting to see what happens as over-the-top content continues to evolve and evolve away from Netflix. Facebook just launched Instagram TV today as well.
Posted on 7/17/18 at 6:00 pm to LSUShock
Volatile day today. Will be interesting to see how it trades.
Posted on 7/17/18 at 7:01 pm to LSUcam7
quote:was it though? Seems like it slowly climbed after it opened around 345 then settled
Volatile day today
Posted on 7/17/18 at 7:23 pm to castorinho
I guess you’re correct if we’re being technical.
But that premarket vs close today was wild.
But that premarket vs close today was wild.
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