Netflix Stock - just how high can/will it go?

what goes up, must come down.

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.

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.

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’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.

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They haven't turned a profit yet correct?

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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:

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.

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.

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Volatile day today

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was it though? Seems like it slowly climbed after it opened around 345 then settled