Netflix Inc. (NASDAQ:NFLX) is one of the 10 Best Major Stocks to Buy According to Analysts.
Eric Sheridan of Goldman Sachs reiterated a Buy rating on Netflix Inc. (NASDAQ:NFLX) on July 6
However, the analyst sharply lowered the firm’s price target on the stock from $120 to $110. The downward-adjusted price target still reflects an additional 44% upside from current levels. Netflix Inc. (NASDAQ:NFLX) continues to expand its gaming business with the launch of two new games in June.
Both games are available to subscribers at no additional cost. According to the company, this move is part of its strategy to increase user engagement beyond the streaming platform. On June 11, Netflix released FIFA World Cup: Launch Edition, which is an exclusive football game featuring all 48 participating national teams, multiplayer support, and over 1,200 real-world players.