- Dropped 40% from ATH
- Still a safer asset if the economy were to weaken, since they are going full speed on the Ad-tier plan
- Based on RSI, it is oversold.
- Most of the negative reaction to the acquisition of Warner Bros. has been priced in. On the other hand, if Warner decides to call off the deal to pursue a different merger, the stock would immediately increase since they would also collect a $2.8 billion breakup fee
- If they do win the bid, they would acquire more content and IP, which would improve the product long term; and it would also help lower CACs. So I see some positives either way if you bet on this long term.
- YTP dropped to single digits; Lowest PE going back to 2023. As a blue chip that is growing with a strong customer base and great content, its fundamentals don't justify the price.
Bought at 93
TP: 115
There is another supportat 85
- Still a safer asset if the economy were to weaken, since they are going full speed on the Ad-tier plan
- Based on RSI, it is oversold.
- Most of the negative reaction to the acquisition of Warner Bros. has been priced in. On the other hand, if Warner decides to call off the deal to pursue a different merger, the stock would immediately increase since they would also collect a $2.8 billion breakup fee
- If they do win the bid, they would acquire more content and IP, which would improve the product long term; and it would also help lower CACs. So I see some positives either way if you bet on this long term.
- YTP dropped to single digits; Lowest PE going back to 2023. As a blue chip that is growing with a strong customer base and great content, its fundamentals don't justify the price.
Bought at 93
TP: 115
There is another supportat 85
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.