Business · Markets · 2 hrs ago

Goldman Sachs keeps its Buy rating on Netflix despite falling viewership

Goldman Sachs keeps its Buy rating on Netflix despite falling viewership

Netflix is facing falling viewership.

Goldman Sachs lowered its price target for the streaming company but kept its Buy rating.

A price target is an estimate of what a share may be worth.

The bank said Netflix still has a growth engine, though no details about it were given.

Its decision shows that Goldman Sachs remains positive about Netflix despite the decline in viewership.

No further steps or changes were specified.

Sources

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