Prediction: Netflix Stock Gets Back to $100 Before 2030
Can ads and price hikes produce the 11% a year it'd take?
Overview
Netflix (NASDAQ:NFLX) stock hasn't kept up with its business lately. The streamer's operating income climbed 11% year over year in the second quarter, and management sees more than 20% growth for the full year.
But its shares trade near $72 as I write this, down about 43% from a 52-week high of $124.86.
Details
This gap is a key reason I think the stock can make up a good chunk of the lost ground. My prediction: Netflix stock gets back to $100 before 2030. And I don't think it takes much more than Netflix doing what its own forecasts already lay out.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.