The stock market expects Netflix to reach more than 300 million users in 10 years
Feb 13, 2019
Netflix has had impressive growth in the last decade, with the stock gaining more than 6,000% in the last ten years, and gaining 33% since the beginning of 2019. Now, Credit Suisse in a note to investors says that, according to the stock market, the company could reach 335 active users by 2028, citing an 8% long-term sales growth. At Netflix's current pace, analysts believe that the streaming giant could reach more than 42% of all broadband households worldwide, so it's safe to say that the stock market trusts in Netflix's growth despite facing incoming competition from Apple, Amazon, and Google.