I’ve Covered Netflix for 24 Years. Here’s Whether the Stock Is Overvalued Right Now.
I’m not one to typically celebrate investing anniversaries, but this month marks 24 years since I became a Netflix (NASDAQ: NFLX) shareholder. It’s been largely ups along the way, but lately there’s been a hard road down.
Shares of the company behind the world’s leading premium streaming video service have plummeted more than 40% over the past year. I got in early, a few months after Netflix began trading and it was a broken IPO. Today’s pullback isn’t the same ground-floor opportunity, but is the stock a smart buy now or still overvalued? Let’s take a closer look.
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