With the Nasdaq leaving no mercy for high-fliers, one analyst is making a big call on Netflix stock—$100 per share.
Netflix stock declined 5.18 percent Thursday, closing at $334.73 per share.
Despite a short-lived three-day rally, Netflix is underperforming the Nasdaq by nearly 8 percent this year. So has the streaming-movie provider dug its own grave?
"A hundred bucks, that's about right. That's a single-digit growth for maybe five or 10 more years, and that's how you get to $100," New Constructs CEO David Trainer told CNBC's "Fast Money" on Thursday. "And I think that's a fair expectation for a company that's completely boxed in now. They've got no competitive edge."