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Netflix Stock Drop: Is It a Buy? | Raleigh News
Netflix’s stock is on fire — or at least, it’s been on a wild ride, dropping over forty percent in a year and taking another hit after earnings. But Jim Cramer’s stepping in to argue it’s not broken — and maybe it’s time to take another look. He points to a stunning valuation: trading at just nineteen times future earnings, the cheapest since 2022 — a discount usually reserved for slower-growth companies. Even with a weak quarter and lowered growth forecasts, Cramer believes the market’s overreacted. Netflix’s cash is being used wisely — stock buybacks at record pace, advertising revenue…
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