Why Netflix Stock (NFLX) is Still Worth Buying as Q3 Earnings Approach
Netflix(NFLX) ZACKS·2024-10-16 07:06
Trading over $700, Netflix (NFLX) shares have rallied more than +40% year to date and are sitting on gains of nearly +150% in the last five years. Despite a hefty price tag, Netflix stock sports a Zacks Rank #2 (Buy) with the streaming giant’s third quarter results approaching on Thursday, October 17. That said, here is a look at why now is still a good time to invest in Netflix.Image Source: Zacks Investment Research Strong Subscriber GrowthBoosting investor confidence, subscriber growth has been the pri ...