Netflix Could Jump 139% in 5 Years, According to Management

Netflix (NASDAQ: NFLX) is one of the best-performing stocks of the 21st century, and it's been one of the biggest surprises over the last three years.The streaming giant was left for dead in 2022 after it reported two straight quarters of declining subscriber growth in the aftermath of the pandemic. Since then, the company has cracked down on password sharing, launched an advertising tier, and begun embracing live sports, a genre it traditionally avoided.As a result, the company has returned to strong growth on the top and bottom lines, and the stock has soared over the last three years, reaching a market cap of more than $400 billion. Now, management thinks it has a path to getting to a trillion-dollar valuation by 2030, according to a report from The Wall Street Journal. Doing so would mean the stock would jump 139% over the next five years, assuming that its share count holds flat.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool