Netflix, Inc. : A pullback is likely as the price touches the upper bound
Entry price | Target | Stop-loss | Potential |
---|
$97.7 |
$85.3 |
$100.1 |
+12.69% |
---|
Close to the technical resistance level of the current trading range, stocks in Netflix, Inc. should consolidate over the coming trading sessions and move back towards their support based on daily closing prices in the short term.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
Strengths● According to sales estimates from analysts polled by Thomson-Reuters, the company is among the best with regard to growth.
● The group usually releases upbeat results with huge surprise rates.
Weaknesses● Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
● Based on current prices, the company has particularly high valuation levels.
● The company's valuation in terms of earnings multiples is rather high. Indeed, the firm is getting paid 333.96 times its estimated earnings per share for the ongoing year.
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