3 Stocks Poised for Huge Growth Over the Next Decade
Netflix (NASDAQ: NFLX), Carvana (NYSE: CVNA), and Peloton Interactive (NASDAQ: PTON) are each poised for huge growth over the next 10 years. Each company has a beloved consumer offering but remains in the early stages of its long-term growth opportunity. Here's why.
A lot of U.S.-based investors seem to think Netflix's growth story is largely played out because the service is already so popular in the U.S. But this mindset misses the streaming pioneer's extraordinary global growth potential over the next decade and longer.
Consider the 195 million paid streaming subscriptions the company had at the end of the third quarter. That sounds like a huge number, and it is, but the world is a big place. There are about 2 billion global households today, and that figure should grow over the long term. Over the next couple decades, it's likely that the majority of those 2-billion-plus households will have high-speed internet access available that's sufficient to stream Netflix.
Source Fool.com
