Netflix Stock Is Pricey Even After Warner Bros.-Induced Selloff | Why Netflix Stock Lost 12.9% In…

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Netflix Stock Is Pricey Even After Warner Bros.-Induced Selloff

(Bloomberg) — Shares of Netflix Inc. have tumbled since October, when the streaming giant became one of the presumed suitors for Warner Bros. Discovery Inc. But despite a 27% plunge in less than three months, the stock still appears to be too expensive to entice investors.

“Netflix is not a screaming ‘buy’ at the current price levels,” said Christopher Brown, a financial adviser in private wealth management at Synovus Securities, who added that he owns Netflix shares personally and Synovus does in its portfolios.

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