Bill Ackman told CNBC that markets sometimes seem broken, but long-term investors can benefit when they buy shares at prices that are far too low, and he named Netflix, where he reported a stake in August. Netflix shares are near $66, about half the $133.91 record close of June 2025 (split-adjusted). Third-quarter EPS rose 49% to $0.87 and operating income grew 37%, but both were helped by an easy comparison with a roughly $619 million Brazil tax charge a year earlier; adding that charge back, operating income still rose around 15%. Revenue growth has slowed each quarter to 11.8% last quarter, and Netflix cut its 2026 ad revenue forecast to about $2.7 billion from about $3 billion. At around $66, the stock trades near 18 times analysts' 2027 earnings estimate, while the writer says he would pay about 16 times, or around $60, and would be glad to add shares gradually at that level.
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