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Netflix Stock Forecast: Capitalizing on Writers’ Strike Resolution
Netflix Inc. (NFLX:NSD) has caught the attention of many as its stock price dipped approximately 20% from its 52-week high after soaring 170%. This decline, though significant, presents an enticing buying opportunity for investors. While the streaming industry may have lost some of its shine, the Entertainment giant remains a dominant player, and recent developments present a brighter Netflix stock forecast.
One thing I'll say about Netflix is they have a strong community around their reality TV shows—including Selling Sunset, The Ultimatum, Love is Blind—which don't require writers to make the show happen. So even if the strike does continue for longer, they can easily pour more energy into those types of shows and be fine. This is not the case for other streaming services, however.
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