R.W.Baird started coverage with a Neutral rating.
This stock is very expensive compared to AMZN, FB or GOOG. It is even more expensive compared to cable companies.
This is simply a very expensive and overpriced stock!
Selling at a PE of over 316! The march of the lemming continues. So today they start a rant about the ZOMBIE show that all these brain dead kiddies seem to be hooked on and how many million NFLX is going to make. But they don't include the huge costs of content acquisition or mention NFLX's subscriber base is diminishing.
Yup. It can take forever for a hyped stock to fall. If ever.
Seems to me each case is different. Yahoo and Dell were overvalued for years. They had low profit business models. Amazon is unique. With their mammoth internet presence, stockholders assume better margins will follow.
Netflix is also unique. They are aggressive to their credit. Competition hasn't really geared up.
There is not much up side potential left for this very overpriced stock, but a lot of down side risk. Especially the QE is ending and the market party is over. This extremely expensive stock can crash if the market goes into correction mode.