Netflix’s $300 million deal with Ryan Murphy is ‘expensive as opposed to explosive’ (NFLX)

Netflix is over investing, says Wedbush Securities analyst Michael Pachter. He believes making the $300 million investment in Ryan Murphy worth it will be a tall order. Pachter’s price target is 60% below Netflix’s current level because of the company’s negative cash flow. 

Netflix is way overvalued, according to Wedbush Securities analyst Michael Pachter. He gives the movie-streaming giant a price target of $110 a share, some 60% below its current level.

Netflix made a

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