Netflix (NASDAQ:NFLX) Stock Gets Price Target Trim from KeyCorp

Posted by Stanley Muller on Oct 16th, 2026

Netflix (NASDAQ:NFLX – Free Report) had its price objective decreased by KeyCorp from $92.00 to $85.00 in a research note released on Tuesday morning, Marketbeat reports. KeyCorp currently has an overweight rating on the Internet television network’s stock.

A number of other equities analysts have also issued reports on NFLX. Oppenheimer set a $85.00 price objective on Netflix and gave the stock an “outperform” rating in a report on Friday, July 17th. Deutsche Bank Aktiengesellschaft raised shares of Netflix from a “hold” rating to a “buy” rating and lowered their target price for the company from $100.00 to $95.00 in a research note on Tuesday, September 29th. CLSA initiated coverage on shares of Netflix in a research report on Monday, July 20th. They set an “outperform” rating on the stock. Moffett Nathanson cut their price objective on Netflix from $115.00 to $100.00 and set a “buy” rating for the company in a report on Friday, July 17th. Finally, Jefferies Financial Group decreased their target price on Netflix from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, July 17th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $94.41.

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Netflix Stock Performance

NFLX stock opened at $72.61 on Tuesday. The stock’s fifty day moving average is $75.25 and its two-hundred day moving average is $80.73. The stock has a market capitalization of $302.34 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 1.00 and a beta of 1.62. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14. Netflix has a 1 year low of $65.08 and a 1 year high of $124.86.

Netflix (NASDAQ:NFLX – Get Free Report) last released its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, topping the consensus estimate of $0.79 by $0.01. The business had revenue of $12.56 billion during the quarter, compared to analyst estimates of $12.58 billion. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 earnings per share. On average, research analysts predict that Netflix will post 3.59 EPS for the current year.

Insider Buying and Selling at Netflix

In other news, Director Richard Barton sold 2,160 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $75.10, for a total value of $162,216.00. Following the transaction, the director directly owned 246 shares of the company’s stock, valued at approximately $18,474.60. This represents a 89.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Neumann sold 9,248 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $75.79, for a total value of $700,905.92. Following the sale, the chief financial officer owned 73,787 shares of the company’s stock, valued at approximately $5,592,316.73. This represents a 11.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 179,045 shares of company stock worth $13,132,194 over the last 90 days. 1.24% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Netflix

Institutional investors have recently made changes to their positions in the company. Merkkuri Wealth Advisors LLC acquired a new position in shares of Netflix during the 1st quarter worth $31,000. Bayban raised its holdings in Netflix by 400.0% during the first quarter. Bayban now owns 350 shares of the Internet television network’s stock valued at $34,000 after buying an additional 280 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new position in Netflix during the second quarter valued at about $26,000. Bank of New Hampshire lifted its position in shares of Netflix by 900.0% in the fourth quarter. Bank of New Hampshire now owns 380 shares of the Internet television network’s stock worth $36,000 after buying an additional 342 shares during the last quarter. Finally, Compound Global Advisors LLC bought a new stake in shares of Netflix during the 2nd quarter worth about $29,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

Positive Sentiment: Jefferies initiated coverage with a Buy rating and an $85 price target, citing potential revenue support from subscription-price increases and advertising. Netflix stock gets bullish analyst call ahead of next week’s earnings
Positive Sentiment: Netflix named former Disney and Fox executive Peter Rice as chief content officer, replacing Bela Bajaria. Rice’s experience could help Netflix improve its content strategy and viewer engagement as competition intensifies. Netflix names former Disney executive Rice as new content chief
Neutral Sentiment: Netflix will release third-quarter results on October 20. Wall Street estimates for revenue, earnings and operating metrics may drive volatility as investors look for evidence that pricing, advertising and content investments are offsetting weaker engagement. Ahead of Netflix Q3 earnings
Negative Sentiment: Netflix is eliminating roughly 1,000 positions, or 6% of its workforce, its largest reduction since 2022. Management described the move as a resource-allocation and efficiency effort, but investors may view it as evidence of slowing growth and pressure to control costs. Netflix is laying off roughly 6% of its workforce
Negative Sentiment: Reports citing app data indicate U.S. churn has risen and viewing engagement has weakened. Those trends raise questions about Netflix’s ability to retain subscribers amid competition from other streaming services, YouTube and creator-led video. Netflix warning signs ahead of Q3 earnings

Netflix Company Profile

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Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that operates a subscription-based streaming service. It offers a broad range of television series, films, documentaries, and other programming, including original productions developed under the Netflix brand and licensed content from third-party studios.

The company also provides advertising-supported viewing options in some markets and has expanded into related entertainment categories, including mobile and cloud-based games, live programming, and consumer products associated with selected titles.