Goldman Sachs Cuts Netflix Target Price to $90 While Keeping Buy Rating

Goldman Sachs analyst Eric Sheridan has maintained a buy rating for Netflix (NFLX.US) but has lowered his target price from $94 to $90. The adjustment reflects a slight downward revision in the firm's outlook for the streaming giant.

According to TipRanks data, Sheridan has a success rate of 50.8% and an average return of 7.1% over the past year. TipRanks, an independent third-party platform, provides analysis data from financial analysts and calculates their performance metrics.

The success rate is determined by the number of successful ratings divided by the total number of ratings over the past year. A successful rating is one where TipRanks' virtual portfolio earned a positive return from the stock. The total average return is the average rate of return that the virtual portfolio has earned over the past year.

TipRanks also ranks analysts on a scale of 1 to 5 stars, with more stars indicating better performance. Sheridan's past performance is evaluated based on his total success rate and average return.

Note that TipRanks' information is intended for informational purposes only and does not constitute an investment recommendation.