Netflix (NASDAQ:NFLX): Valuation is Still Reasonable - but Sentiment Will Drive the Price
Netflix, Inc. (NASDAQ:NFLX) has been a standout performer over the last two weeks. While the broader market, and specifically technology stocks, have declined the most since May, the price of Netflix shares has gained over 13%. This move has largely been attributed to the success of the new hit show Squid Game, which is on track to become the platform’s most streamed show. Netflix has also dominated the ratings in the latest Nielsen Top10 Streaming programs survey.