Goldman raises Netflix stock target, but pricing and ad strategy spark debate By Investing.com
On Wednesday, Goldman Sachs made a notable adjustment to Netflix (NASDAQ:)’s financial outlook by increasing the company’s price target from $750.00 to $850.00, while keeping a Neutral rating on the stock. With Netflix currently trading at $879.19 and showing an impressive 81.27% return over the past year, according to InvestingPro data, the adjustment comes as the financial institution prepares for Netflix’s fourth-quarter earnings report, scheduled for January 21, 2025.
Goldman Sachs provided insights into the decision, noting the importance of Netflix’s advertising-supported initiatives and pricing strategy for the Average Revenue Per Member (ARM) in the near-term, specifically for the year 2025. With revenue growing at 14.8% and the…
