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UPDATE: Goldman Sachs Upgrades Netflix, Notes Continuous Subscriber Growth

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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 2016NomuraMaintainsBuy
Oct 2016SunTrust Robinson HumphreyMaintainsHold
Oct 2016Credit SuisseMaintainsNeutral

View More Analyst Ratings for NFLX
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Posted-In: Goldman Sachs Heath P. TerryAnalyst Color Upgrades Analyst Ratings


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