Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Time To Take Some Profits From Netflix, Inc. (NFLX) As Stock Could Drop To $400: Guy Adami

Netflix, Inc. (NASDAQ:NFLX) remains the clear winner of the ongoing TV bundling race even as the video streaming heavyweight continues to face headwinds in form of competition in the industry. The streaming giant moved higher in the market on analysts at Cantor Fitzgerald increasing their share price target to $500 with a ‘buy’ rating. However, the biggest concern according to CNBC contributor, Guy Adami, is whether the stock can be able to sustain the high valuation, going forward.

Netflix, Inc. (NASDAQ:NFLX)

Barclays PLC (ADR) (NYSE:BCS) has also increased Netflix share price target to $450 citing valuation for 2016. At the current trading levels, Adami affirms that one would rather be a seller than a buyer on Netflix.

“My view was that if it broke $440, it would trade down to $400 quickly on March $18 I think it printed $415; it has bounced since then. I think this $440 level is resistance. I am more into take profit camps right here and see what happens, see what plays out on earnings on April 20th. I think it trades down to $400,” said Mr. Adami.

The ongoing unbundling around TV is expected to speed up the migration into Internet TV, which could be of great benefit to Netflix. However, Timothy Seymour affirms that Netflix, Inc. (NASDAQ:NFLX) is not a media company and remains overpriced at the current levels.

“Six months ago after HBO started talking about unbundling and people talked about unbundling, this was bad news for Netflix. So what these guys are saying in an unbundled world Netflix is king, I think it is very-very debatable. I think this is a technology company, not a media company, and I think it is overpriced,” said Mr. Seymour.

Netflix, Inc. (NASDAQ:NFLX) has been on an international expansion drive having touched ground in Australia and New Zealand. Pete Najarian affirms the stock could go even higher on getting it right in Latin America where the company continues to face major headwinds compared to Europe which is doing extremely well.

I jsut made 84% in 4 daysI Just Made 84% in 4 Days By Blindly Following This Hedge Fund

I just made 84% in 4 days by blindly imitating a hedge fund’s stock pick. I will tell you how I pulled such a huge return in such a short time but let me first explain in this FREE REPORT why following hedge funds’ stock picks is one of the smartest things you can do as an investor. We launched our quarterly newsletter 2.5 years ago and not one subscriber has, since, said “I lost money by EXACTLY following your stock picks”. The reason is simple. You can beat index funds by creating a DREAM TEAM of hedge fund managers and investing in only their best ideas. I just made 84% in 4 days by blindly imitating one of these best ideas. CLICK HERE NOW for all the details.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!