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.免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。