Top Two Stocks Poised to Double Over the Next Five Years

Key Points

• Netflix and On Holding are currently trading at attractive valuations with anticipated annualized earnings growth exceeding 20%.

• Netflix holds just 7% of a $670 billion addressable market, while On Holding’s stock trades at approximately 16 times its forward earnings estimates.

• Netflix’s revenue for 2026 is projected to increase by 13% to 14%, and On Holding expects low-20% full-year sales growth.

Netflix Revenue Projection

Netflix (NASDAQ: NFLX) shares are down 42% from their all-time high in 2025, primarily due to soft third-quarter guidance expecting only a 12% revenue increase year-over-year. With less than 45% penetration in the potential 800 million households worldwide, Netflix forecasts its revenue to rise from $49 billion in 2026, supported by membership growth, pricing strategies, and advertising revenues. Analysts predict a 21% annualized earnings growth, suggesting a possible stock doubling in five years if the company maintains this trajectory.

On Holding’s Growth Potential

On Holding (NYSE: ONON) has seen its stock decline 57% from its peak earlier in 2025, yet it reported a 21% year-over-year revenue growth in Q2 2026 on a currency-neutral basis. The company focuses on maintaining a premium brand without resorting to discounting, which has resulted in rising gross margins to 65.4%. With expectations of low-20% sales growth for the full year and an anticipated 24% annualized earnings growth, On Holding presents a compelling investment opportunity, potentially doubling its stock value within five years.