3 Stocks That Feel Like Netflix in 2002
No one could have predicted back in 2002 that Netflix (NASDAQ: NFLX) would go on to bankrupt much larger DVD rental competitors before pivoting to internet-delivered TV, and then pioneering that entertainment industry revolution. Yet there were signs early in its public life that Netflix shareholders might do well by holding onto their investments over the long term.
Below, Motley Fool investors highlight a few stocks that are showing a similar kind of promise today. Read on to see why they think Vail Resorts (NYSE: MTN), Shopify (NYSE: SHOP), and Axon Enterprise (NASDAQ: AAXN) could mature into disruptive forces in their industries.
Dan Caplinger (Vail Resorts): It might sound ridiculous to compare a video streaming company with a ski resort operator, but like Netflix was in the early 2000s, Vail Resorts is on the brink of making a game-changing move in its industry. Netflix established itself as the leader in DVD-mailing service, but it recognized the need to go beyond that niche to become embrace the technological potential of streaming. Vail is making the same type of transformation in its business.
Source: Fool.com
Shopify Inc Stock
Our community is currently high on Shopify Inc with 4 Buy predictions and 0 Sell predictions.
With a target price of 75 € there is a positive potential of 39.43% for Shopify Inc compared to the current price of 53.79 €.
