Is Netflix A Good Deal?

Netflix stock rose from $35 to $300 a be part of the two 1/24 months ending in This summer. That's when traders must have offered because since that time, the cost continues to be cut in half.our editor recommendsHumbled Netflix Separates DVD and Streaming Companies, Abandons Cost Changes But you will find still a couple of bulls who begin to see the dramatic slide like a purchasing chance. Ingrid Chung at Goldman Sachs, for instance, keeps her "buy" recommendation, telling clients the Reed Hastings-brought company should climb to $270 within the next six several weeks (the stock closed at $128.53 Thursday). STORY: Netflix Really wants to Change Law Against Revealing Video-Viewing History Chung states the current defection of just one million clients was because of unwarranted negative press in regards to a Sept. 1 cost increase and also the split of the organization's streaming service and DVD-by-mail, which is known as Qwikster. Would-be rivals, including Dish Network's Blockbuster, will discover tough obstacles to entering the subscription streaming business, she adds. Piper Jaffray analyst Michael Olson also remains bullish on Netflix, having a cost target of $300. But Piper Jaffray experts acknowledge you will find other dangers hiding. The firm authored, "If Amazon . com or Google purchases Hulu, shares of Netflix may likely respond adversely." Related Subjects Netflix