#5 - Netflix (NASDAQ:NFLX)
Netflix Inc. (NASDAQ: NFLX) has been one of the best-performing stocks in the last 10 years, posting a total return of 1,827%. That growth correlates to the industry's transformation to a streaming model. And while consumers are feeling streaming fatigue, they continue to keep their Netflix subscriptions.
The company’s growth is even more impressive when investors account for its 2023 pivot to incorporating an entry-level ad-supported tier. It also aggressively cracked down on password sharing.
Both moves went away from the company’s roots but were moves the company needed to make as it still depends on producing original content to keep consumers engaged. The strategy's success can be seen in its revenue and earnings growth that’s expected to continue for the rest of the decade.
Analysts are forecasting average EPS growth of more than 35% in the next three years. That will justify the premium investors are paying for NFLX stock.
About Netflix
Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.
Read More - Current Price
- $881.05
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 23 Buy Ratings, 10 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $813.00 (7.7% Downside)
