Netflix (NASDAQ:NFLX) has been an incredible stock to own since its initial public offering in 2002. A $10,000 investment at its split-adjusted $1.16 per share offer price would be worth over $5.3 million today.
There have been periods where investors went against the tide. You don’t need to go back far. Netflix stock dropped 73% after the pandemic, as film studios entered the streaming business. Netflix faced tough competition from bigger, wealthier rivals.
Now that Netflix seems back on track and the industry is undergoing a period of realignment, should investors expect the streamer to continue generating outsized returns? Is this a good time to buy Netflix stock?
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