Netflix Inc (NASDAQ:NFLX) shares are soaring, following another blockbuster earnings report. Subscriber growth was way ahead of expectations once again as the streaming leader passed the 65 million mark, and the euphoria continued as 23 analysts lifted their price targets.
Netflix has more than doubled this year and is nearly worth $50 billion now. While the company makes little profits, there are several reasons to believe that the Internet TV pioneer could one day command a valuation of $100 billion or more.
Jeremy Bowman owns shares of Netflix. The Motley Fool recommends Netflix. The Motley Fool owns shares of Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.