Buy This Undervalued Stock Before Everyone Else Does
After soaring in the early stages of the pandemic, streaming giant Netflix (NASDAQ: NFLX) has seen its shares plummet -- down 67% off their high. The company is struggling to regain its footing as the world reopens following the outbreak of COVID-19 and as several streaming competitors enter the fray.
After being cooped up at home for so long, consumers are eager to spend more of their time and money on away-from-home experiences. Rising competition amid decreasing customer demand is not a recipe for success.
That said, the market is arguably overreacting to the slate of bad news coming out of Netflix. The company is still one of the best streaming businesses with over 200 million subscribers and nearly $30 billion in annual revenue.
Source Fool.com
