Netflix stock price target raised to $1,000 at KeyBanc By Investing.com
Investing.com — KeyBanc Capital Markets raised its price target for Netflix (NASDAQ:) to $1,000 from $785 a share on Tuesday, citing a combination of historical outperformance, moderating competition, and a promising outlook for revenue and free cash flow (FCF) growth.
The firm maintained its Overweight rating on the stock, expressing confidence in Netflix’s ability to outperform the into 2025.
Analysts highlighted that Netflix’s shares are trading at approximately 9x next-twelve-month (NTM) enterprise value-to-sales (EV/S), a level historically signaling peak valuation.
However, they argued, “this time may be different,” citing the company’s pivot from paid net subscriber additions to an emphasis on engagement and…
