Joseph Carlson: NFLX will fall to $70.00

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competition even harder against Netflix. It strengthens their business without diluting it into secular declining businesses like cable TV. When I look at Netflix today, I see a company that's declining in stock price because of short-term concerns, because of commotion, because investors think it's a dead stock for the next year. But in reality, this is a company that's moving step by step aggressively into a much stronger position in the media landscape. I think that Netflix is a buy today right now. But I want to warn investors that this is a highly volatile company and this could go much lower. I could see on the low end, in fact, I could I could really see it happen where Netflix trades all the way down to around $70 per share. I think that's where we get to around the lowest end. The upside, by contrast, is very big for Netflix over the next 5 to 10 years. If they secure the deal with Warner Brothers Discovery, if they get all the debt under control, which they will, and if they leverage their content at the scale of Netflix, we can see really big things from this company over the next 10 to 20 years. I see it multiples higher than what it is today. The second stock that is a buy

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