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Goldman Sachs raises its Netflix price target by $100 to the highest on Wall Street

CNBC
Goldman Sachs raises its Netflix price target by $100 to the highest on Wall Street

Netflix is becoming a global media phenomenon, says analyst    12:48 PM ET Fri, 1 June 2018 | 02:05 Netflix stock is up 2.5 percent in early trading Wednesday. Its shares are up nearly 90 percent this year through Tuesday, which is the second best performance in the S&P 500. The market value of the company has risen by approximately $96 billion in the previous 12 months. The analyst predicts Netflix will add 32.5 million net subscribers in 2019 versus the Wall Street consensus of 26 million subscribers. Terry also cited the company's guidance to spend $2 billion in marketing for fiscal 2018. "We believe Netflix's ability to spend significantly more on customer acquisition while still producing