The market is pricing these companies as if their growth won鈥檛 continue:
SoFi |
$SOFI - 20.6x Fwd P/E
Netflix |
$NFLX - 20.1x Fwd P/E
Broadcom |
$AVGO - 19.2x Fwd P/E
Uber |
$UBER - 17.8x Fwd P/E
Oracle |
$ORCL - 15.5x Fwd P/E
Applovin |
$APP - 15.2x Fwd P/E
Micron |
$MU - 5.2x Fwd P/E
Each has its own bear case, but these valuations are becoming increasingly difficult to ignore given the growth these companies are delivering.
This disconnect is what creates opportunity.