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Key Facts About Netflix Growth
Netflix (NASDAQ: NFLX) has seen its stock value surge over 330% since the beginning of 2023. The company is currently trading at over 60 times its trailing earnings, a significant leap compared to its five-year average.
As of Monday, Netflix shares closed at $1,289.62, while analysts have set a consensus price target of $1,182.58, indicating potential overvaluation. The company’s revenue reached $39 billion last year, reflecting substantial growth despite slowdowns in recent quarters.
Investors are cautious, considering the high valuation and the risk of a correction, as the last time the stock traded at such high levels was in 2021, followed by a 51% decline in 2022.
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