City

Netflix hits an all-time high with help from a bullish Goldman Sachs

11 monthes ago   |   By Business Insider

REUTERS/Steve Marcus
Netflix hit a record high on Wednesday after Goldman Sachs analyst Heath Terry raised his price target.
Terry thinks Netflix will soon turn cash flow positive.
Watch Netflix trade in real time here.
Netflix , one of the darlings of the 2018 stock market, hit a record high Wednesday.
Shares touched a record of $383.49 apiece, up more than 4%, on the back of a bullish note from Goldman Sachs analyst Heath Terry. He raised his price target for the movie-streaming giant to $490 a share, almost 30% above where shares are currently trading. See the rest of the story at...
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Goldman Sachs says Netflix is about to stop burning through cash

Goldman Sachs says Netflix is about to stop burning through cash

11 monthes ago   |   By Business Insider

Reuters/Mike Blake
Netflix could stop burning cash in the near future, according to Goldman Sachs analyst Heath Terry.
He says Netflix's big content spend is set to pay off, especially in international markets.
Terry lifted his price target to $490 a share, roughly 30% above Netflix's current level.
Watch Netflix trade in real time here.
Netflix's light at the end of the tunnel may finally be emerging.
While Netflix has turned in two profitable quarters this year, its content spend is expected to hit $8 billion for 2018 , making it cash flow negative for the year. But investors seem to ber...
Read more ...

 

Goldman Sachs says Netflix is about to stop burning through cash

Goldman Sachs says Netflix is about to stop burning through cash

11 monthes ago   |   By Business Insider

Reuters/Mike Blake
Netflix could stop burning cash in the near future, according to Goldman Sachs analyst Heath Terry.
He says Netflix's big content spend is set to pay off, especially in international markets.
Terry lifted his price target to $490 a share, roughly 30% above Netflix's current level.
Watch Netflix trade in real time here.
Netflix's light at the end of the tunnel may finally be emerging.
While Netflix has turned in two profitable quarters this year, its content spend is expected to hit $8 billion for 2018 , making it cash flow negative for the year. But investors seem to ber...
Read more ...

 


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