Key Points
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Money manager Ross Gerber suggests Netflix’s current stock valuation of 23 times earnings—its lowest in three years—might attract interest from investment titan Warren Buffett.
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Netflix, valued at $305 billion, reported a 13% revenue increase to $12.5 billion in Q2 2023, showing solid international sales growth and an 11% rise in net income to $0.80 per diluted share.
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Despite a 41% drop from its stock high, Wall Street analysts estimate Netflix’s earnings could grow at 20% annually over the next three years, suggesting the stock could be undervalued with a median target price of $93 per share, implying a 25% upside from its current price of $74.
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