Netflix should have positive reaction to Q4 earnings, says Goldman Sachs

Goldman Sachs analyst Eric Sheridan keeps a Neutral rating and $850 price target on Netflix (NFLX) in a “first take” note after the company’s Q4 earnings beat. Across all key metrics – subscriber net adds, revenue performance, and operating margins- the company’s results and commentary exceeded the firm’s estimates, with the management also highlighting momentum in its subscriber cadence and tailwinds building in its ad business, the analyst tells investors in a research note. The market should have a positive reaction to Netflix’s Q4 earnings report and forward operating commentary, the firm added.