This Early 2021 Winner Has Way More Room to Grow
Despite sky-high expectations, Netflix (NASDAQ: NFLX) still managed to shock Wall Street with its latest earnings report. The subscription video-streaming leader gained more new members than expected in late 2020. Its rapidly improving cash flow points to surging financial strength and gushing direct returns to investors, too.
However, while co-CEO Reed Hastings and his team projected a weak fiscal Q1 for subscriber gains and declined to issue a forecast for the full year, there are good reasons to believe that Netflix's achievement of a 200-million-member global audience represents just a small piece of its long-term potential. Let's take a closer look.
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Source Fool.com
