Note: Our target price was hit on 02/12/2016
Obviously tech stocks didn’t react well to the Trump’s win. We can clearly see the affects on Netflix (NFLX) as well. The share has gone down 10% in three days from $123 to $110.90. So far we haven’t seen any sign of recovery.
So is it time to worry about Netflix share price?
At this stage the answer is no. We believe $111 – $113 range provides excellent buying opportunities. Our short term target price for Netflix is $120. There will be a very strong resistance at this level. Hence we do not expect the share price to break that.
This cannot be considered an investment advice!!