Goldman Sachs Comments on Neftlix's Qwikster Retreat

Goldman Sachs has published a research report on Netflix (NASDAQ: NFLX) after the company announced its retreating from its Qwikster offering.

In the report, Goldman Sachs writes, "Netflix retreated from its plan to split physical DVDs from its streaming website into a website called Qwikster. On the Netflix blog this morning: "It is clear that for many of our members two websites would make things more difficult, so we are going to keep Netflix as one place to go for streaming and DVDs. This means no change: one website, one account, one password… in other words, no Qwikster.""

Goldman Sachs maintains its Buy rating on Netflix, which is currently trading up $6.96 today from its $117.21 closing price on Friday.