9 Stocks That Could 10X Over the Next 2 Years

5. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders: 144

Netflix, Inc. (NASDAQ:NFLX) is a global streaming entertainment service with more than 300 million paid memberships in over 190 countries enjoying TV series, films, and games across various genres and languages. The firm’s revenues are primarily driven by monthly membership fees for services related to streaming content to its members. Netflix has also been making revenues from advertising.

According to the Wall Street Journal, Netflix, Inc. (NASDAQ:NFLX) is aiming to double revenue by 2030 and hit a $1 trillion valuation. BofA Securities analyst Jessica Reif Ehrlich is also bullish on the stock and has maintained a Buy rating alongside a price target of $1,175. Ehrlich noted that the company is poised for growth based on its continued positive earnings and subscriber momentum, position as an innovator, its brand, as well as other drivers such as advertising and live opportunities. Netflix, Inc. (NASDAQ:NFLX) closed 2024 with 302 million memberships and 19 million paid net additions in the fourth quarter, marking the biggest quarter of net adds in the company’s history. The firm has a long runway for growth, considering it currently accounts for less than 10% of TV viewing in every country where it operates and an expanding streaming space globally. Simultaneously, although the firm’s ad business is nascent, it is aiming for $9 billion in total ad revenue by 2030.