Streaming video veteran Netflix (NASDAQ: NFLX) reported fourth-quarter results on Tuesday night. The company beat Wall Street's expectations across the board, including in the all-important category of subscriber additions, and management noted that 2019 will go down in history as the year of peak cash burn for Netflix. Analysts followed up on this great report with a deluge of boosted price targets.
And how did the market react? Netflix shares closed Wednesday's trading session 4% lower, of course.
If you're not buying Netflix shares right now, I don't know what it would take to make you a buyer at any point in the future. This is a fantastic buying opportunity.