Netflix (NFLX) Revenue Growth Expands Goldman Reiterates $400 PT

Goldman Sachs analyst Heath Terry reiterated a Buy rating and $400.00 price target on Netflix (NASDAQ: NFLX) on accelerating revenue growth and expanding margins despite offering 4Q net adds guidance that was below consensus and churn in the US business more than offset strength in international.

The analyst stated "For the 9th quarter out of the last 10 the correlation between the company’s trailing cash content spend and subscriber additions strengthened". He went on to state "Based on this, we see considerable upside to management’s subscriber guidance for 4Q and consensus expectations for next year given the strength of the content slate, a more stable pricing environment, and weakening competition from traditional television".

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 $308.77 yesterday.

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