Is netflix (nflx) overvalued?

It is my personal take too that Netflix is overvalued- many people are buying in to its amazing growth numbers- pointed out by Isaac, and proven by Damodaran's DCF.

That being said, I made a comment recently regarding my take on NFLX's outstanding Oscar performance, and I stand by my beliefs that fundamental investors on the fence should get some validation on long term outlook from recent news that reaffirms their buy stance.

Therefore while IMO NFLX is overvalued, expect the possibility of further rise in prices that would increase P/E further.

Analysts are highly bullish towards nflx, expecting a price targetof $470 per share in 2019. This price target is supported by the strong growth of nflx in terms of global expansion, usage and subscriptions. The most glaring con of nflx as Isaac has mentioned is the high programming costs. Nflx spent $2.1billion on content creation in 2018 and this has number is expected to increase in 2019 as original content remains one of nflx's usp. Although on a fundamental basis it is expensive, it could possibly be a good long-term investment as netflix is well-positioned for growth in the future.