Goldman Sachs says Netflix is about to stop burning through cash (NFLX)
Reuters/Mike Blake
- Netflix could stop burning cash in the near future, according to Goldman Sachs analyst Heath Terry.
- He says Netflix's big content spend is set to pay off, especially in international markets.
- Terry lifted his price target to $490 a share, roughly 30% above Netflix's current level.
- Watch Netflix trade in real time here.
Netflix's light at the end of the tunnel may finally be emerging.
While Netflix has turned in two profitable quarters this year, its content spend is expected to hit $8 billion for 2018, making it cash flow negative for the year. But investors seem to ber confident in the streaming giant's ability to turn free-cash-flow positive, and they already seem to be pricing that in as the stock's price-to-earnings ratio sits at 238. See the rest of the story at Business Insider
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