Will Netflix Be a Trillion-Dollar Stock by 2035?
(NASDAQ: NFLX) completely upended the entertainment industry by introducing streaming video to the masses. Thanks to its tremendous success, the business has been a huge winner for investors. In the past two decades, shares have skyrocketed 15,720%.
This streaming stock is now one of the world's most high-valuation enterprises, with a market cap of $244 billion. But it still has the potential to continue rewarding shareholders in the long run. With that being said, can Netflix become a trillion-dollar company by 2035?
The company's ascent has been nothing short of amazing. By creating a better user experience, one focused on convenience and broad content choices, Netflix has registered unbelievable growth. Revenue in 2023 of $33.7 billion was up 666% from a decade before. The current subscriber base of 270 million has climbed astronomically higher over the years.
Source Fool.com
Netflix Inc. Stock
Currently there is a rather positive sentiment for Netflix Inc. with 81 Buy predictions and 9 Sell predictions.
As a result the target price of 596 € shows a slightly positive potential of 1.34% compared to the current price of 588.1 € for Netflix Inc..
