UPDATE: Goldman Sachs Upgrades Netflix, Notes Continuous Subscriber Growth
In a report released Tuesday, Goldman Sachs analyst Heath P. Terry upgraded Netflix (NASDAQ: NFLX) from Neutral to Buy and has raised the price target from $380 to $590.
Analysts at Goldman Sachs are bullish on Netflix's international growth, predict subscriber growth will continue to surpass projections; margin expansion growth driving content sourcing, technology innovation and customer acquisitions.
Terry said Netflix has been outperforming its sector with a 2015 estimate EBITDA trading at 26X on nearly 50 percent 3-year EBITDA growth compared to the average internet sector trading at 14X with 30 percent growth.
Latest Ratings for NFLX
|Oct 2016||SunTrust Robinson Humphrey||Maintains||Hold|
|Oct 2016||Credit Suisse||Maintains||Neutral|
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