Shares of top video streaming firm Netflix (NASDAQ:NFLX) have nearly recovered all of the ground lost after pandemic tailwinds started fading in late 2021 and early 2022. The implosion saw NFLX stock shed 75%, while the rally off the lows of June 2022 has seen 270% in gains. However, I’m still bullish on the stock, and I believe Netflix looks primed for higher highs in the second half of this year as it incorporates new technologies, content types, and impressive ad strength to keep the good times rolling.
Undoubtedly, the economic reopening from COVID-19 was a painful time to be caught hanging onto Netflix stock. Amid the carnage in the stock, Netflix seemed unworthy of joining the likes of the mega-cap tech stars from FAANG, all of which are now part of the Magnificent Seven.
Further, when Reed Hastings left the CEO’s office, there were signs of smoke, but the smoke had since cleared up. The company has been a…
