Netflix Jumping After Being Added To Goldman Sachs' "Conviction Buy" List

(RTTNews) - After gapping open higher, shares of Netflix Inc. (NFLX) have seen further upside over the course of the trading session on Friday. Netflix is currently up by 8.7 percent after reaching its best intraday level in a month.

The advance by Netflix comes after Goldman Sachs added the video streaming giant's stock to its "Conviction Buy" list, with analyst Heath Terry calling Netflix "one of the best risk/reward propositions in the Internet sector."

"We continue to believe Netflix's investment in content, technology and distribution will continue to drive subscriber growth well above consensus expectations both in the U.S. and internationally," Terry said