Single Stocks: NetFlix - 3 - Goldman's Kiss of Death

Another sign of extreme over bullishness on one of the most overhyped and over valued stocks in the US markets: Netflix. Usually, Goldman Sachs is the perfect contrarian indicator, and just the tone of this reports should gives you the shivers.

See quotes below from Business Insider:
Netflix is a screaming buy, says Goldman Sachs analyst Ingrid Chung in a report this morning.
She is upgrading the stock to "buy," raising her price target to $300 from $210.

Why? Because she thinks Netflix has enough users and momentum to make to near impossible for any rivals to enter the video streaming space and compete any time soon.
To read all about the whys, please revert to the report. As far as I'm concerned, I am not interested in the whys, specially when they are so obviously misleading and exuberant...

1 comment:

NFLX said...

So investing in Netflix would not be ending up as a bad debt… This is what I have evaluated after explore multiple articles. But lets see what near future is about to show us.. How the Netflix shares would be performing.