Netflix Could Be a Trillion Dollar Company in the Next Decade
Netflix (NASDAQ: NFLX) was one of the biggest beneficiaries of stay-at-home measures put into place earlier this year, at the onset of the coronavirus pandemic. Its stock is up 48% so far in 2020, compared to the paltry 4% gain for the S&P 500 index.
This was on the heels of a truly extraordinary decade for the streaming entertainment innovator. Revenue grew at a compound annual growth rate (CAGR) of 28.3% from 2009 to 2019, and the company currently has 195 million subscribers using its service.
With a market capitalization of $216 billion that already exceeds mega-cap status, how much higher can the stock go?
Source Fool.com
