(CNBC) Goldman Sachs is getting more bullish on Netflix shares even after its stunning gains so far this year.
The firm reiterated its buy rating and increased its price target for Netflix shares to $490 from $390, representing 35 percent upside to Tuesday's close. It is the highest target out of the 36 analysts who cover Netflix, according to FactSet.
Now, I don't mean to be the voice of reason here but is anyone concerned with the debt levels that Netflix has? I have Netflix but I cant say it's my one stop shop for all entertainment.
I think this is a bit overpriced. How about you?
Submitted June 13, 2018 at 10:48AM by sisumoney https://ift.tt/2JJkmJB
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