Admittedly, Netflix (NFLX) is kicking butt. Its fundamentals are superb with 20%+ quarterly subscriber, revenue and earnings growth. But mightn’t the stock have gotten a little ahead of itself after a 250% run over the last 18 months?
I’m not the only one who thinks the shares have gotten a little pricey. Last Wednesday, three Wall Street firms downgraded shares.
Disclosure: Top Gun is short Netflix (NFLX) shares.