Netflix (NASDAQ:NFLX) held steady Thursday after jumping 15% the previous day, fueled by strong Q4 earnings and 19 million new subscribers.
The company credited its growing gaming strategy, highlighting Take-Two Interactive's (NASDAQ:TTWO) "GTA: San Andreas", which saw tens of millions of downloads. Co-CEO Gregory Peters called Netflix's gaming efforts "just scratching the surface," pointing to early success with Oxenfree II and popular titles tied to Netflix franchises like Too Hot to Handle, Emily in Paris, and Selling Sunset.
The company's latest release, Squid Game: Unleashed, hit No. 1 in action games across 107 countries, on track to become Netflix's most downloaded game. Take-Two is also benefiting. After a 23% six-month rally, Oppenheimer raised its price target to $215 from $190, keeping an Outperform rating. Stifel analysts also boosted their target, citing Take-Two's strong development pipeline as a key earnings driver.
This article first appeared on GuruFocus.免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。