Why Netflix Stock Was Slumping Today
Shares of Netflix (NASDAQ: NFLX) were sliding today in spite of a solid third-quarter earnings report last night.
The streaming giant delivered strong revenue growth, meeting estimates, but its profits were dinged by a Brazilian tax issue. That and the stock's premium valuation seemed to lead to the sell-off, and the stock was down 10% as of 11:29 a.m. ET.
Image source: Netflix.
Source Fool.com
Netflix Inc. Stock
€962.20
-10.070%
The stock is one of the favorites of our community with 110 Buy predictions and 4 Sell predictions.
With a target price of 1102 € there is a slightly positive potential of 14.53% for Netflix Inc. compared to the current price of 962.2 €.