Positive. KeyBanc raised Netflix's price target to $1,000, citing outperformance and revenue growth

From Investing.com: 2024-12-24 08:08:19

KeyBanc Capital Markets raised Netflix’s price target to $1,000, citing historical outperformance and revenue growth. The firm maintains an Overweight rating, expecting the stock to outperform into 2025. Despite peak valuation concerns, analysts believe Netflix’s focus on engagement and original content will drive user and advertiser interest. Live events and returning originals are expected to boost viewership and profit. Netflix’s strong monetization potential and FCF generation support an optimistic outlook. The platform’s history as a “share winner” has historically led to significant returns above the S&P 500. Unique catalysts, including the ability to monetize viewership advantage, mitigate valuation risks. While EPS estimates for 2024 and 2025 were slightly lowered due to FX impacts, KeyBanc remains confident in Netflix’s medium-term growth. The $1,000 price target is justified based on 2026 estimated EPS of $30.80.



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