Goldman Sachs Keeps a Sell Rating on Netflix (NFLX)

In a report released today, Eric Sheridan from Goldman Sachs maintained a Sell rating on Netflix (NFLXResearch Report), with a price target of $186.00. The company’s shares closed last Tuesday at $201.63, close to its 52-week low of $162.71.

According to, Sheridan is a top 100 analyst with an average return of 16.9% and a 62.6% success rate. Sheridan covers the Technology sector, focusing on stocks such as Spotify Technology SA, DoubleVerify Holdings, and IAC/InteractiveCorp.

Netflix has an analyst consensus of Hold, with a price target consensus of $232.22, a 20.3% upside from current levels. In a report issued on July 12, Bank of America Securities also maintained a Sell rating on the stock with a $196.00 price target.

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Based on Netflix’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $7.87 billion and net profit of $1.6 billion. In comparison, last year the company earned revenue of $7.16 billion and had a net profit of $1.71 billion.

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Netflix, Inc. is a subscription-based streaming service through which members can view TV shows, documentaries and movies on any internet-connected device. The company also offers its DVD-by-mail service in the United States. Founded by Marc Randolph and Wilmot Reed Hastings Jr., on August 29, 1997, Netflix is headquartered in Los Gatos, CA.

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