Goldman Sachs Upgrades Netflix (NFLX) to Conviction Buy

January 4, 2019 4:26 AM EST
Get Alerts NFLX Hot Sheet
Price: $509.33 -1.13%

Rating Summary:
    44 Buy, 15 Hold, 6 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 22 | Down: 13 | New: 29
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Goldman Sachs analyst Heath Terry upgraded Netflix (NASDAQ: NFLX) from Buy to Conviction Buy with a price target of $400.00 (from $480.00).

The analyst sees an attractive buying opportunity in the equity citing a belief the company's investment in content, technology and distribution will continue to drive subscriber growth "well above" Street expectations. He also sees a path for the company to double its annual content investment and generate positive cash returns by 2022.

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 $271.20 yesterday.

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