Netflix (NFLX) PT Raised to $460 at Goldman Sachs

Goldman Sachs analyst Heath Terry raised the price target on Netflix (NASDAQ: NFLX) to $460.00 (from $450.00) while maintaining a Buy rating following the company's 1Q earnings report. Results exceeded FactSet consensus expectations, as ongoing content investments, payoff from free-trials at the end of 4Q, and marketing spend drove 9.60mn paid net adds globally vs. 8.84mn in 4Q18.

Netflix reported 1Q revenue of $4.52bn vs. FactSet consensus of $4.50bn. Total paid net adds reached 9.60mn, ahead of consensus of 8.9mn. Guidance for 2Q paid net adds of 5.00mn was just below consensus of 5.45mn.

You May Also Be Interested In

• Natera (NTRA) PT Raised to $270 at BTIG
• United Airlines (UAL) PT Raised to $153 at UBS Ahead of Q2 Results
• Take-Two Interactive (TTWO) PT Raised to $368 at BofA Securities