Netflix Stock Will Be Worth More by 2028: My Case for Buying NFLX Now
Management continues to execute, making the stock look incredibly cheap after its sell-off.
Overview
The past year or so has been a tough time for a Netflix (NASDAQ: NFLX) shareholder. The stock is down 43% from its all-time high reached in June of last year. Meanwhile, the S&P 500 is up 23% in the same period.
Fears of slowing growth, rising competition from short-form video and artificial intelligence (AI), and management's decision to report fewer metrics over the years have put pressure on the stock price. But I remain focused on the core operating strategy driving Netflix's financial results, and I see the stock's sell-off for what it truly is: an incredible buying opportunity.
Details
At the current share price, I'm confident Netflix will be worth more by 2028. In fact, I expect it to produce returns that exceed the stock market average over the long run.
Source
Originally published at www.fool.com.