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Netflix Hits New Record After Goldman Predicts It Will Top AT&T

Jeran Wittenstein
Netflix Hits New Record After Goldman Predicts It Will Top AT&T

Netflix Inc. rose to yet another record after Goldman Sachs Group Inc. raised its price target for the stock to the highest on Wall Street. The shares gained as much as 5.6 percent to $384.25 on Wednesday after analyst Heath Terry predicted that Netflix shares will hit $490. Such a run-up would put Netflix’s market value at about $213 billion, exceeding all but 18 of the companies in the S&P 500 Index at current valuations, according to data compiled by Bloomberg.