Photo: JD Lasica/Flickr
Goldman has a note out upping its price target on Netflix to $330.The big reason?
Overseas. Netflix recently announced a big expansion to Latin America, and Goldman says Netflix is going to do great there.
- Latin America has 3.5X the number of broadband households as Canada, Netflix’s previous international expansion, and growing fast;
- US content is really popular there and Netflix can buy it cheaply;
- There’s very little direct competition, mostly pay TV.
As fast as Netflix has been growing, it’s important to remember that the company has a huge market opportunity ahead of it, as overseas shows.