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Netflix: stock outperforms, as Goldman more optimistic

( - 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.

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