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Netflix reported blowout earnings. Here’s why its stock got downgraded anyway.

Por: MarketWatch Business January 24, 2024

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“Netflix is still the best story in media among the vertically integrated producers/programmers/distributors,” said Kraft. But he also thinks Netflix’s “leadership position is fully priced into the stock at these levels,” with shares trading at 32 times estimated 2024 earnings per share and 27 times estimated 2025 EPS. He notes that the company could see peak EPS growth this year, at 38% time, before that decelerates to 21% next year... + full article



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