2023-06-02 16:00:00 ET
The entertainment industry is in flux right now as it gradually shifts from traditional broadcasting to streaming. An industrywide change like this often means a new battle for market share, which is where Paramount Global (NASDAQ: PARA) finds itself today.
The company is building a direct-to-consumer streaming service while balancing its leading broadcast and theater businesses. The juggling act has crushed its profits, and shares have fallen 84% from their former highs.
But this could be a tremendous opportunity for patient investors. Paramount Global has shown signs that its plan is working, and the stock could have a 100% upside when it follows through.
For further details see:
Buying This Overlooked Streaming Stock With 100% Upside Could Be a Genius Move