Benzinga - by Surbhi Jain, .
Netflix Inc (NASDAQ:NFLX) stock recorded a new 52-week high on Feb. 27. The stock touched a high of $605.36 during the trading day – a level unseen over the past year.
The Enormous Eight
Alphabet IncMeta Platforms IncNvidia CorpTesla Inc Amazon.com Inc Microsoft Corp Apple IncNetflix Stock: Up 22% YTD
The streaming platform’s stock is up over 84% in the past year. So far in 2024, the stock has gained 22%.
With the stock at its 52-week high, investors often wonder whether now is a good time to take profits or ride further up with the momentum.
Also Read: $1000 Invested In Netflix 15 Years Ago Would Be Worth This Much Today
Valuations Spell Caution: Forward valuations indicate Netflix stock at a 35.25 P/E ratio is trading at a more elevated price-to-earnings multiple than five of its Enormous Eight peers – with:
- Alphabet stock at 20.71
- Meta Platforms stock at 24.37
- Nvidia stock at 32.08
- Microsoft stock at 34.82
- Apple stock at 27.82
Wall Street analysts, too, appear to be divided in their view on the company’s potential.
From those analysts who reviewed the stock in January-February, a majority appear to see a downside to Netflix stock from current levels. See, here.
For those invested in the stock, a 52-week high could be a time to take some profits off the table. For those looking to enter, now may not be the best time.
Read Next: Meta, Amazon, And Netflix: Will These Three Leading Growth Stocks Hold Gap Support?
Image: Unsplash
Latest Ratings for NFLX
| Mar 2022 | Wedbush | Upgrades | Underperform | Neutral |
| Jan 2022 | Citigroup | Upgrades | Neutral | Buy |
| Jan 2022 | Rosenblatt | Maintains | Neutral |
View the Latest Analyst Ratings
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