Prediction: This Monster Stock Can Double in 5 Years
Recent market volatility has had little impact on Netflix (NASDAQ: NFLX). The company's shares are up by 36% this year, even as the S&P 500 is barely in the green. Netflix owes this performance to solid financial results and strong guidance. The streaming specialist is firing on all cylinders, and the best news is that it's not too late to invest in the stock.In the next five years, Netflix's shares could double in value -- and for those keeping score, that's a compound annual growth rate of 14.9%.Netflix's market capitalization is currently $515 billion. Management wants to get to $1 trillion by 2030. There aren't many companies worth that much. All are massively successful leaders in their niches. That description also fits Netflix, which is the undisputed leader in the streaming industry. Of course, that doesn't mean the stock will reach the $1 trillion mark by 2030, but that goal is by no means out of the company's reach.Continue reading
Recent market volatility has had little impact on Netflix (NASDAQ: NFLX). The company's shares are up by 36% this year, even as the S&P 500 is barely in the green. Netflix owes this performance to solid financial results and strong guidance. The streaming specialist is firing on all cylinders, and the best news is that it's not too late to invest in the stock.
In the next five years, Netflix's shares could double in value -- and for those keeping score, that's a compound annual growth rate of 14.9%.
Netflix's market capitalization is currently $515 billion. Management wants to get to $1 trillion by 2030. There aren't many companies worth that much. All are massively successful leaders in their niches. That description also fits Netflix, which is the undisputed leader in the streaming industry. Of course, that doesn't mean the stock will reach the $1 trillion mark by 2030, but that goal is by no means out of the company's reach.
