Investors who owned stocks in the 2010s generally experienced some big gains. In fact, the SPDR S&P 500 SPY total return for the decade was 250.5%. But there’s no question some big-name stocks did much better than others along the way.
Netflix's Big Decade
One of the top performers of the decade was streaming video leader Netflix, Inc. NFLX.
Netflix is the world’s largest streaming TV and movie subscription service, with more than 150 million global subscribers in more than 190 countries. Throughout the 2010s, Netflix's service morphed from a place where users could get access to their favorite movies on-demand to a source of high-quality original TV and movie content that many users consider a must-have.
Netflix issued a seven-to-one split back in 2015, so all the prices mentioned below are on split-adjusted terms.
Netflix shares started the 2010s trading at $7.87. Netflix came roaring out of the gates in 2010 and 2011, soaring as high as $43.54 by mid-2011. However, concerns over Netflix’s heavy investments and huge losses drove the stock back down to its decade low share price of $7.54 by mid 2012. From that point forward, the stock caught fire and never looked back.
2020 And Beyond
In 2018, Netflix hit $423.20, its highest price of the 2010s.
Despite cooling down a bit since then, the popular streaming stock was without a doubt one of the best investments of the decade.
In fact, $100 worth of Netflix stock in 2010 would be worth more than $4,040 today.
Looking ahead, analysts expect more upside from Netflix in 2020. The average price target among the 38 analysts covering the stock is just $397.50 suggesting 21.9% upside from current levels.
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