Price target on Netflix raised to $670 by Goldman Sachs
Analyst Heath Terry raised his price target on the stock from $540 to $670.
avatar
Staff or Guest writer for The Dog of Wall Street.
2020-07-10 18:18

Goldman Sachs analyst Heath Terry said he expects the company's subscriber additions to be "well above guidance." He is forecasting an increase of at least 12.5 million net subscribers, compared to Wall Street's consensus estimate of about 8.1 million. In addition, Heath expects Netflix to outperform expectations in the second half of the year as well. Terry stated in the report:

"While the thesis 'if you haven't subscribed by now, you never will' is an easy rhetorical, it fails to capture the reality of ... a dramatically changing world that is pushing changes into every corner of consumer behavior."

Price target on Netflix raised to 0 by Goldman Sachs

If Netflix keeps a sustained increase in user growth and engagement the $700 is certainly possible. With a market value of over $220 billion, Netflix is worth more than rivals Walt Disney, AT&T Inc. and Comcast Corp.


Disclaimer: I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. All information should be independently verified and should not be relied upon for purposes of transacting securities or other investments. See terms for more info.

Rate this article

positive
negative
Published On
2020-07-10 18:18

avatar
About the Author
Staff or Guest writer for The Dog of Wall Street.


buy-coffee
You've read 1 article in the last year
..thank you for supporting us and for visiting our site. Unlike many other sites, The Dog of Wall Street is available for everyone to read. Our focus is to provide great content for free. Do you like what we are doing? Buy us a cup coffee. It is the fuel that keeps us going..

Levi Strauss' Bold Gambit: Is the Denim Icon's DTC Shift Enough to Weather the Storm?
Levi Strauss & Co. boasts a strong quarter with direct-to-consumer growth and innovative fashion, but can it navigate the choppy waters of the retail market?
By Alfonso | 1 year ago

Amazon's Bold Counterattack: Introducing the China-Direct Discount Section
As competition heats up, Amazon unveils a daring new strategy to offer unbeatable prices and direct shipping from China.
By Alfonso | 1 year ago

Tesla's Legal Challenges: Facing the Music on Autopilot Misrepresentation
Court ruling intensifies scrutiny on Tesla's self-driving claims.
By Alfonso | 1 year ago

Netflix's Ad-Supported Triumph: A New Era in Streaming
Surpassing 40 million users, Netflix’s ad-supported plan redefines the streaming landscape.
By Alfonso | 1 year ago

Tesla Stock (TSLA): Look Who's Back!
I’m cautiously optimistic but I’m at the point where I need to see it to believe it.
By Mike Sakuraba | 1 year ago

2 Earnings To Pay Attention to Next Week
Since big tech is the theme, you probably know what I have my eyes on for next week.
By Mike Sakuraba | 1 year ago

2 Stocks to Watch Below $10
Here are two stocks that are currently less trading in the single digits that I believe have some relative upside from their current prices.
By Mike Sakuraba | 1 year ago

Looking Ahead to Tesla's Earnings: What Can We Expect?
Is there any stock that has been more talked about than Tesla (NASDAQ: TSLA) as of late? It’s a company that is always in the spotlight but the stock is under some heavy scrutiny this year and deservedly so.
By Mike Sakuraba | 1 year ago