From Financial Modeling Prep: 2024-12-24 12:30:00

Netflix (NASDAQ:NFLX) shares surged over 2% today as KeyBanc analysts raised their price target to $1,000 from $785, maintaining an Overweight rating. They believe Netflix can outperform markets through 2025 due to strategic positioning and strong financial performance.

Despite trading at a historically high 9x EV/S ratio, analysts see Netflix surpassing this level with a less competitive landscape, increased engagement, and superior revenue and earnings growth. The company’s ability to generate significant EPS and FCF sets it apart from competitors.

KeyBanc’s new price target of $1,000 is based on a 32.5x multiple on estimated 2026 EPS, reflecting confidence in Netflix’s market leadership and growth potential.



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