Netflix bulls are waiting for this business to reach the exclusive 13-figure club.
Without a doubt, Netflix (NFLX -1.51%) is one of the best-performing stocks of this century. Shares have skyrocketed a ridiculous 19,320% in the past 20 years. To provide context, the S&P 500 produced a total return of 646% during this same time period.
This top streaming stock has clearly been a massive winner in the past, which has made it one of the world’s most valuable companies, with a market cap of $275 billion. But can Netflix become a trillion-dollar enterprise by 2030?
Changing the entertainment industry
It’s important to first zoom out and understand how Netflix got to this point. The company’s early management team realized that the internet would revolutionize how consumers watched video entertainment. And this thesis was proven correct.
Executives positioned Netflix to take advantage of…
