Netflix stock price will hit record highs, Goldman Sachs says - Business Insider

could blow past net subscriber addition estimates when it reports second quarter earnings next week, according to Goldman Sachs.

According to Goldman, Netflix is poised to report 12.5 million net subscriber additions for the second quarter, which would blow past its guidance for 7.5 million, and analyst consensus of 8.2 million. Goldman dismissed the common bearish Netflix thesis: "if you haven't subscribed by now, you never will." The firm said Netflix is benefiting from an acceleration of the video streaming trend driven by the COVID-19 pandemic, as very few video streaming services can compete with the sheer scale of its ad-free content library.

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