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Netflix stock rises after Goldman boosts target to $490


Shares of Netflix Inc. NFLX, +2.49% are up 2.4% in Wednesday trading after Goldman Sachs analyst Heath Terry raised his price target on the stock to $490 from $390. With his price target increase, Terry became the most bullish Netflix analyst among those tracked by FactSet. "We forecast that 2018 will be the peak negative free cash flow year for Netflix, with revenue growth beginning to outpace content spend growth next year and ahead of significant positive cash generation in 2022," Terry wrote. "While the widening gap between Netflix's growing income statement profits and the increasing cash flow statement deficit has seemingly had little impact on the company's valuation, we do believe that