Netflix: stock outperforms, as Goldman more optimistic
(CercleFinance.com) - Netflix shares outperformed on Wednesday morning in New York following an upgrade of Goldman Sachs' recommendation from "sell" to "neutral", with the US bank betting on the recent initiatives put in place by the streaming giant.
In its comments, the Wall Street bank explains that it expects the measures taken by the Californian group to end code-sharing and open up its platform to advertising to continue to boost its operating performance by 2024/2025.
At the same time, it has almost doubled its target price from $230 to $400.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.