Meet the Powerhouse Streaming Stock That Wants to Double Revenue and Reach a $1 Trillion Market Cap by 2030
People all over the world gather each night to stream a wide range of movies and shows on the popular streaming platform Netflix (NASDAQ: NFLX). This has been very good for its business, and it now has hundreds of millions of subscribers worldwide. The company has become a darling in the tech and media landscape, pushing its market cap to $422 billion.Management has no plans to slow down. A Wall Street Journal article had anonymous sources saying that Netflix's goal over the next five years is to double revenue and more than double its market cap to $1 trillion, which would put the company in an exclusive club.Let's look at how Netflix has become the king of streaming and whether management can execute its ambitious plan.Continue reading
People all over the world gather each night to stream a wide range of movies and shows on the popular streaming platform Netflix (NASDAQ: NFLX). This has been very good for its business, and it now has hundreds of millions of subscribers worldwide. The company has become a darling in the tech and media landscape, pushing its market cap to $422 billion.
Management has no plans to slow down. A Wall Street Journal article had anonymous sources saying that Netflix's goal over the next five years is to double revenue and more than double its market cap to $1 trillion, which would put the company in an exclusive club.
Let's look at how Netflix has become the king of streaming and whether management can execute its ambitious plan.