Netflix as a Top Buy Despite Limited Dislocation

about 1 month ago

Mark Mahaney

"I want to get your thoughts on another name that's had a strong run this year, but you think could go higher, and that's Netflix. It's my number three pick. Uh it's uh I wish it was dislocated. It's not dislocated. I you know, so it's hard to get super pumped beyond the idea. And I guess Morgan, in all fairness, I don't see Mark Mahaney often highlight a company as his top pick that isn't dislocated. But despite that, he recognizes that the fundamentals of the company are so strong that it still justifies a top buy today. In the next three months, I got two catalysts on Netflix. Is it going to rerate dramatically from here? No. But can it compound and maybe rerate a little bit? Yes. That's why it's one of our top three picks."

Mark Mahaney outlines his bullish stance on Netflix, positioning it as his third pick despite acknowledging that it isn't deeply dislocated. He points to near-term catalysts over the next three months as reasons to expect modest re-rating and compound growth, making it an actionable buy signal for investors.

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