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Goldman Sachs has officially upgraded its rating for Netflix (NFLX) from 'Neutral' to 'Buy'. Alongside the upgrade, the investment bank significantly raised its price target for the streaming giant from $100 to $120. This bullish shift reflects a more positive outlook on the company's operational performance and market valuation. Analysts at Goldman Sachs believe the company is well-positioned to deliver stronger growth in the coming periods. Such a move from a major financial institution typically drives immediate buying interest and boosts investor confidence. The upgrade is also expected to have a ripple effect across the broader tech sector and related indices like QQQ and SPY.
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