Netflix Stock Breaks $1,000 Post-Earnings: Goldman Flags Valuation Stretch

Quick Summary:

Netflix Inc.(NASDAQ:NFLX) shares soared 15% in premarket trading on Wednesday, hitting $1,000 after the streaming giant reported fourth-quarter earnings that smashed Wall Street expectations on revenue, profitability, and subscriber growth.

In a note on Wednesday, Goldman Sachs analyst Eric Sheridan raised the 12-month price target on Netflix stock from $850 to $960, citing expansion into live entertainment, the growing success of its ad-supported tier, and strategic price increases.

Earnings Beat, Subscriber Growth Accelerates

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Article Details

Author / Journalist: Piero Cingari

Category: Technology

Markets: United States

Topics: Tech Analyst Ratings Benzinga Analyst Color Streaming NFLX Stories That Matter US64110L1061 Top Stories Earnings Expert Ideas

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-22 @ 13:59:58 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 469 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 25342938

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