Netflix shares fall 10% amid market decline, offering potential investment opportunities.
Amidst a market decline, Netflix shares fell 10% from their 2024 peak, presenting potential investment opportunities. Despite soft US economic data and competition, Netflix boasts 278M members worldwide, a first-mover advantage & strong growth projections. The platform generates billions in free cash flow, improving its 26% operating margin and reducing its P/E ratio to 39. Netflix's consistent earnings growth and global market presence make it a potentially attractive buy during this market dip.
August 11, 2024
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