The bank upgraded shares to neutral from buy. It also raised its price target to $400 from $230, which implies more than 9% downside from Monday's close.
Goldman Sachs has a slightly more optimistic outlook on Netflix now. Analyst Eric Sheridan upgraded shares to neutral from sell. While he also increased his price target from $230 to $400, that still represents downside of more than 9% from Monday's close.
mountain NFLX in 2023 Netflix is scheduled to announce its most recent quarterly earnings report July 19. Goldman anticipates Netflix's subscriber performance to top Wall Street's estimates. —CNBC's Michael Bloom contributed to this report.
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