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Why The Best Days May Be Over For Netflix Stock

Why The Best Days May Be Over For Netflix Stock

Netflix Inc. (NFLX), the spectacularly successful streaming giant whose shares have risen about 7-fold in five years, is now overvalued and poised for a fall, according to Gene Munster, managing partner and co-founder at Loup Ventures. While many analysts remain bullish despite the streaming giant's mixed earnings report, Munster says the stock will be reined in by rising cash burn and heightened competition from rivals such as Walt Disney Co. (DIS), Apple Inc. (AAPL) and Amazon.com Inc. (AMZN), per an interview with CNBC. Netflix stock has fallen roughly 15% off its 2018 high and made little movement over the last three months.