Goldman Jacks Stock Price Target For Netflix

Investing.com - Netflix (NASDAQ:NFLX)'s business model is even better than you think.
Goldman Sachs (NYSE:GS) has come to that conclusion. And that's why the Wall Street firm has raised its stock price target by a whopping 25% to almost $500 a share. Goldman says Netflix's content offering and distribution system are so strong that the company will sign up millions more subscribers than generally expected. Goldman expects Netflix subscribership to grow by more than 32 million in the coming year-- 25% more than the general forecast. Netflix shares are up 150% in the past year.