$230-240 is reasonable if riding on market sentiment. However, the fundamentals and challenges remain.
We now face higher inflation than before, return to life as normalcy as we would like pretty much to pre-pandemic in many countries, as well as risk factors that were always present such as competitors and slowing subscription. Add to that the introduction of ads which may put off some consumers. Consumers on a whole I do feel would be cautiousin their spending and if recession do hits, this might be the first to go. There is no reason to fall on Netflix when there are other platforms that put forth good content too.
I do feel that this is just a short term rebound as it didn't fail as badly as market expectsit to. Personally, feel that this is not worth investing into.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Nice