Investors have the option to gain exposure to this sector through ETFs or individual stock purchases.
InvestingPro models estimate its price target at $130.40, so at the close of the week its shares are trading 14% below its valuation. Looking ahead to 2024, the company's earnings are expected to grow by 56%, from earning $315 million in 2023 to nearly $500 million this year.) was formed through the merger of WarnerMedia and Discovery in April 2022. It is available to stream in more than 220 countries and 50 languages.
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