14.05.2020 NETFLIX Daily Analysis

14.05.2020 NETFLIX Daily Analysis

Netflix on Wednesday closed the session at $438.27 making a positive movement of 1.49%. So far the stock is still one of the best stocks in the stock market trading only 11 points from its record high price of $449. As a growth stock, Netflix is showing potential for long-term earnings. According to one analyst, the head Analyst at Oppenheimer, Netflix has an upside of $500 and even above with its current support of $400. From its current position, Netflix would make an improvement of 13% if it went up to $500 or even more if it went further. This doesn't seem like an impossible feat for a company that's just made an upward movement of 5% in just a week, this week. However, some investors are still skeptical about the growth of Netflix and one of them is the CEO of Chantico Global who feels it will be difficult for Netflix to keep growing. "You've seen massive subscriber growth and the problem with that is that it may have pulled forward growth that might have happened later in the year. If you didn't subscribe to Netflix during this time period, why would you subscribe later? And that's the big challenge that I think a lot of investors are having when looking at the stock and future stock growth for Netflix," the CEO said.