Goldman Sachs Maintains Neutral on Netflix, Raises Price Target to $565
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Eric Sheridan has maintained a Neutral rating on Netflix (NASDAQ:NFLX) while increasing the price target from $500 to $565.
January 25, 2024 | 2:15 pm
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POSITIVE IMPACT
Goldman Sachs maintains a Neutral rating on Netflix but raises the price target from $500 to $565, indicating a potential upside from the current price.
The increase in price target by Goldman Sachs suggests that the analyst sees potential for the stock to rise to the new target, which could positively influence investor sentiment and the stock price in the short term. However, the Neutral rating indicates that the analyst does not see significant catalysts for outperformance relative to the market or sector.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100