Netflix (NFLX) Disclosures Confirm Out Year Estimates Are Too Low - Goldman Sachs

Goldman Sachs analyst Heath Terry reiterated a Buy rating and $400.00 price target on Netflix (NASDAQ: NFLX) after the company released regional, historical (1Q17-3Q19) disclosures for streaming revenue, memberships, ARPU, and foreign exchange. The recent disclosures appear to confirm that consensus expectations for Netflix subscriber growth and related financials are too low.

The analyst stated "As pricing stabilizes, competitive concerns prove overblown, growth continues to benefit from investments in content, and cash flow turns positive, we expect shares of NFLX to continue to outperform".

For an analyst ratings summary and ratings history on Netflix click here. For more ratings news on Netflix click here.

Shares of Netflix closed at $323.50 yesterday.

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