Netflix’s ‘Seinfeld’ Rally Doesn’t Leave Much Room for Error

Ryan Vlastelica,
September 3, 2021

Photo credit: Estelle Harris as Estelle Costanza, Jason Alexander as George Costanza, and Jerry Stiller as Frank Costanza in “Seinfeld.” Photographer: Margaret Norton/NBCU Photo Bank/Getty Images “I don’t see many metrics that justify the stock’s jump,” said David Barse, chief executive officer of Xout Capital, which sold its position in Netflix following the most recent report. “I’m a fan of ‘Seinfeld,’ but we don’t know what it will mean for the company’s ability to drive subscribers.” Netflix is about 2% below the average analyst price target, a sign there could be limited potential for further gains, especially in comparison to other names in the streaming-video space. Walt Disney Co., Discovery Inc., ViacomCBS Inc., and streaming platform Roku Inc. all have double-digit upside based on this metric....

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