Joseph Carlson After Hours on $NFLX (Nov 2, 2026)

And now, we move on to Netflix. Netflix is my ninth largest investment. This position was much larger in my portfolio, but Netflix stock has fallen significantly, by nearly 50%.

This is nothing new for a Netflix investor . I've had huge highs and lows with Netflix several times so far. Well, I have some history with this company. Regardless, we are still making profits in the company of around $10,000.

It's a weighted return of 29%, but it's getting closer and closer to my cost basis .

I continued to add to Netflix , so I raised the cost base over time because I strongly believe that Netflix's pricing is unfair . The stock is currently trading at $62 . I believe the fair value of the company is around $100, which represents an increase of about 60% over its current price.

Therefore, based on that, Netflix is significantly undervalued .

However, there is a warning here. These price assessments are based on the company's success. Now , some of you might say that valuing Netflix at $100 is crazy , but remember that earlier this year, specifically in April, Netflix was trading at $107.

So, it's not as if I'm making up prices that this company can't reach or that there's no chance of reaching that price. I have reached this price several times. In fact, just a year ago, the price was $115.

What changed at that time was the narrative surrounding the company. Narratives can change quickly. If Netflix achieves a few consecutive quarters in which investors become more confident in their strategy going forward, investors will reprice the company.

The stock will quickly move from a forward price-to-earnings ratio of 17 to 25 again. This can happen in a short period of time.

Right now, there are no guarantees. Netflix could also drop even further. It could reach $40 per share if they continue to face a slowdown and decline. So, a lot of this will depend on the next two quarters, but personally I think this is a great opportunity.