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July 10, 2020, 11:50 a.m. EDT

Goldman Sachs raises price target on Netflix to $670 per share

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By Jon Swartz

Expectations for Netflix Inc. /zigman2/quotes/202353025/composite NFLX +1.99% shares are sky high. How high? How about $670 per share, or 32% higher than its record closing price on Thursday, predicts Goldman Sachs in a new note Friday. It expects Netflix to report 12.5 million net subscriber additions in the second quarter. The streaming service, which added a whopping 15.77 million new paid subscribers in the first quarter, is expected to report another strong quarter on July 16. With a market value of $226.5 billion, Netflix is worth more than rivals Walt Disney Co. /zigman2/quotes/203410047/composite DIS -0.50% , AT&T Inc. /zigman2/quotes/203165245/composite T +0.14% , and Comcast Corp. /zigman2/quotes/209472081/composite CMCSA +0.19% .

/zigman2/quotes/202353025/composite
US : U.S.: Nasdaq
$ 498.62
+9.74 +1.99%
Volume: 5.88M
Aug. 3, 2020 4:00p
P/E Ratio
84.12
Dividend Yield
N/A
Market Cap
$215.60 billion
Rev. per Employee
$2.22M
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/zigman2/quotes/203410047/composite
US : U.S.: NYSE
$ 116.35
-0.59 -0.50%
Volume: 10.23M
Aug. 3, 2020 4:03p
P/E Ratio
39.26
Dividend Yield
0.00%
Market Cap
$211.22 billion
Rev. per Employee
$295,532
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/zigman2/quotes/203165245/composite
US : U.S.: NYSE
$ 29.62
+0.04 +0.14%
Volume: 38.98M
Aug. 3, 2020 4:04p
P/E Ratio
18.11
Dividend Yield
7.02%
Market Cap
$210.76 billion
Rev. per Employee
$637,332
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/zigman2/quotes/209472081/composite
US : U.S.: Nasdaq
$ 42.88
+0.08 +0.19%
Volume: 13.73M
Aug. 3, 2020 4:00p
P/E Ratio
17.19
Dividend Yield
2.15%
Market Cap
$195.51 billion
Rev. per Employee
$513,625
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