Analyst: Netflix Will Surge 21% to $670 Due to a 'Dramatically Changing World'
Shares of Netflix (NASDAQ: NFLX) have already climbed 94% over the past year, but will surge to new all-time highs in the year to come.
That's according to Goldman Sachs analyst Heath Terry. On Wednesday, Terry raised his price target from $600 to $670 -- the highest among Wall Street analysts who cover Netflix -- while maintaining his buy rating on the stock. His new price target represents potential gains for investors of roughly 21% over the stock's closing price on Tuesday of about $554.
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Source Fool.com
