Netflix Stock Hits All-Time High

Early Bird Prime for November 17, 2024

Netflix is having an incredible year. It is the star performer among the Magnificent 7 stocks, leaving its competitors in the dust.

The stock is up 75.87% in 2024. Just this week, Netflix hit an all-time high of $837, making its investors feel incredible.

Netflix’s recent climb has been nothing short of spectacular, but can it keep defying gravity, or is it about to experience a sudden drop? 

Two analysts seem to think the ride isn’t over yet. This week, an analyst from JPMorgan reiterated Netflix as his "top pick," citing its strong content slate. Meanwhile, an analyst from Jefferies has maintained a buy rating this week, pointing to the company’s robust growth.

If you’ve been a Netflix investor, you’re probably feeling pretty great right now. But if you’re considering jumping on the bandwagon, you might be wondering if you’ve missed the party. After all, stocks don’t usually climb like this, and Netflix has already hit an all-time high. Can it continue to grow, or is it about to take a nosedive?

There are whispers of market saturation and economic hiccups that could throw a wrench in Netflix’s plans. Sure, it’s the streaming giant, but even giants can trip over their own feet.

Should you invest in Netflix right now in 2024, or should you avoid the stock? Well, here’s the answer:

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