Goldman Sachs Upgrades Netflix (NFLX) Stock to Buy from Neutral

Netflix, Inc. (NASDAQ:NFLX) is one of the Best Long Term Growth Stocks to Invest In According to Billionaires. On April 5, Goldman Sachs upgraded the company’s stock to “Buy” from “Neutral”, increasing the 12-month price objective to $120 from the previous target of $100. As per the firm, the company’s stock offers a more positive risk/reward in the current trading juncture.

Goldman Sachs Upgrades Netflix (NFLX) Stock to Buy from Neutral

This upgrade comes off the back of a recent fall in Netflix, Inc. (NASDAQ:NFLX)’s stock, which was mainly because of the now-abandoned bid for the acquisition of Warner Bros. Discovery’s streaming and studio assets. Notably, Netflix, Inc. (NASDAQ:NFLX)’s stock saw a decline of ~18% over the past 6 months. The analysts at the firm opine that, since the company decided to walk away, it is now returning to the standalone execution story, amidst chances for a positive revision in the estimates. The firm’s analysts noted potential for strong capital returns.

Netflix, Inc. (NASDAQ:NFLX) is a California-based entertainment service provider.

While we acknowledge the risk and potential of NFLX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NFLX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best FMCG Stocks to Invest In According to Analysts and 11 Best Long-Term Tech Stocks to Buy According to Analysts.

Disclosure: None. Follow Insider Monkey on Google News.