Happy New Year to Netlflix. Netflix has gained 16% during the first week
of trading for the year, 10% alone on Friday after Goldman Sachs added Netflix
to its conviction list. Stocks that make
their conviction list are hand-picked stocks that are expected to outperform
and deliver meaningful upside. So much
so, Goldman Sachs think Netlflix will be higher by 50% over the next 12 months.
50% upside represents a stock price of
$400.
Goldman Sachs believes
Netflix’s investment in content, technology and distribution will continue to
drive subscriber growth above Wall Street expectations both in the U.S. and
internationally.
Netflix has been
investing in original movies and programming to grow its