KeyCorp cuts Netflix (NFLX) price target to $85 from $92, keeps Overweight
What happened
KeyCorp lowered its price target on Netflix (NFLX) from $92.00 to $85.00 in a research report issued to clients on Tuesday, October 13, while maintaining an Overweight rating, per Benzinga via MarketBeat. The new target still implies about 20% upside from the prior close. Netflix opened Tuesday at $70.61, with a consensus Moderate Buy rating and an average analyst target near $94.53.
Why it matters & what’s next are part of Pro, along with the audio summary.
Start your free 14-day trialWho’s affected
- NFLX (direct: target cut with Overweight maintained; still implies ~20% upside from prior close, limiting the negative signal)
- Streaming/media peers (sentiment read-through into the Oct 20 earnings print)
Sources