Scalper1 News
Netflix stock rocketed to a record high on Monday after getting a bullish endorsement from Goldman Sachs. Goldman Sachs analyst Heath Terry reiterated a buy rating on Netflix stock and raised his price target to 780 from 620. In a research report, Terry said Netflix is set to replicate its streaming video success around the world over the next two years. By 2020, Netflix could reach 112 million international subscribers (vs. 21 million in Q1) and 69 million subscribers in the U.S. (vs. 41 million in Q1), Terry said. Once Netflix (NFLX) completes its global rollout to 200 countries by the end of next year, it will have significant opportunity to increase its operating margins, Terry said. Netflix stock jumped to an all-time high of 716.16 in intraday trading Monday, eclipsing its previous high of 706.24 set on June 24. Netflix stock closed the regular session at 707.90, up 4%… Scalper1 News
Scalper1 News