Netflix (NASDAQ:NFLX) has been backed by Goldman Sachs (NYSE:GS) analysts to see off the competition in the intensifying streaming wars, boosting Netflix stock by 4% on Thursday.
Amid growing fears that the streaming giant could lose out in the streaming wars, as companies like Disney (NYSE:DIS) and Apple (NASDAQ:AAPL) roll out their new services, Goldman Sachs analysts told clients that the company has fought off competition before and is likely to weather this current storm. The backing has helped boost Netflix stock, which has been taking a hammering in recent months as competition heats up.
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