Netflix’s stock is down 15% from its all-time high at the end of June. Is now the time to buy?
1. NFLX shares fell 15% since June due to a tax loss in Brazil. 2. Media analyst sees current dip as an opportunity for investors. 3. Concerns exist over slowing engagement growth and potential M&A moves. 4. Challenges pertain to reliance on licensed content amid competitor consolidation. 5. Analyst maintains buy rating with a target price of $1,400.