Will Netflix Be a Trillion-Dollar Stock by 2030?
Without a doubt, (NASDAQ: NFLX) is one of the best-performing stocks of this century. Shares have skyrocketed a ridiculous 19,320% in the past 20 years. To provide context, the S 500 produced a total return of 646% during this same time period.
This top streaming stock has clearly been a massive winner in the past, which has made it one of the world's most valuable companies, with a market cap of $275 billion. But can Netflix become a trillion-dollar enterprise by 2030?
It's important to first zoom out and understand how Netflix got to this point. The company's early management team realized that the internet would revolutionize how consumers watched video entertainment. And this thesis was proven correct.
Source Fool.com
Netflix Inc. Stock
€613.40
-1.850%
Currently there is a rather positive sentiment for Netflix Inc. with 78 Buy predictions and 7 Sell predictions.
As a result the target price of 643 € shows a slightly positive potential of 4.83% compared to the current price of 613.4 € for Netflix Inc..
