Why Is Netflix (NFLX) Stock Soaring Today
Shares of streaming video giant Netflix (NASDAQ: NFLX) jumped 5.9% in the afternoon session after the Wall Street Journal reported that the company (NFLX) set a lofty goal to reach a $1 trillion market valuation by 2030. In its annual review, Netflix laid out plans to more than double revenue from $39 billion to $80 billion, signaling aggressive growth expectations likely tied to subscriber expansion, content monetization, and international market expansion.