(News Bulletin 247) – Goldman Sachs goes from ‘sell’ to ‘neutral’ on the title, the American bank betting on the recent initiatives put in place by the streaming giant.
In a research note, the Wall Street firm explains that it expects the measures taken by the Californian group to end code sharing and open up its platform to advertising to continue to boost its operational performance over the horizon. 2024/2025.
Its target price rises, in parallel, from 230 to 400 dollars.
Since Goldman placed the stock on its recommended sell list in June 2022, Netflix’s stock price has jumped 135%, compared to a 12.5% ​​gain for the S&P 500 index.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
