Prediction: This High-Flying Company Will Be a Trillion-Dollar Stock by 2032
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Some investors and analysts were writing Netflix's (NASDAQ: NFLX) eulogy not too long ago. Though it delivered life-changing results from the early 2010s through the early pandemic years, the streaming specialist started encountering issues, including slow revenue and subscriber growth, and mounting competition.However, Netflix has successfully dealt with these challenges and has delivered excellent financial results in the past few years. Could Netflix keep up this momentum? My view is that the streaming leader will do so, and could even join the exclusive group of trillion-dollar stocks by 2032.As of this writing, Netflix's market capitalization is $413 billion, so it needs a compound annual growth rate of 13.5% in the next seven years to reach that goal. Read on to find out why Netflix can pull it off.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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