Goldman Sachs says "BUY NETFLIX NOW!!!"

TL;DR

Goldman Sachs advises buying Netflix stock, expecting subscriber gains and raised price target to $360.

Transcript

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Key Insights

• 🤨 Goldman Sachs advises buying Netflix stock and raises its price target to $360.
• ❓ Netflix is expected to report Q1 results above consensus expectations.
• 🌍 The company is projected to gain both domestic and international subscribers in Q1.
• 🤨 Other firms, including Stanley and JPMorgan, also raise their price targets for Netflix.
• 🥳 The content creator does not recommend buying Netflix stock due to its high forward P/E ratio and increasing competition in the industry.
• 💓 Netflix's EPS has only beaten expectations once in the past four quarters.
• 🍉 The content creator emphasizes the importance of considering long-term growth and profitability when investing.

Questions & Answers

Q: Why does Goldman Sachs advise buying Netflix stock?

Goldman Sachs believes Netflix will exceed expectations in Q1 due to a strong content slate and new distribution partners.

Q: How many subscribers does Goldman Sachs predict Netflix will gain in Q1?

Goldman Sachs forecasts that Netflix will add 1.7 million domestic and 5.6 million international subscribers in Q1, surpassing guidance.

Q: Have Netflix's earnings per share (EPS) consistently beaten expectations?

Netflix has only beaten EPS expectations in one out of the last four quarters, with analysts raising their expectations for EPS.

Q: What is the main reason for not buying Netflix stock, according to the content creator?

The content creator does not recommend buying Netflix stock due to its high forward P/E ratio of 72 and the increasing competition in the streaming video space.

Summary & Key Takeaways

• Goldman Sachs predicts Netflix will report Q1 results above expectations due to a strong content slate and new distribution partners.

• The firm forecasts Netflix to add 1.7 million domestic and 5.6 million international subscribers in Q1, surpassing guidance.

• Multiple firms, including Stanley and JPMorgan, have raised their price targets for Netflix.