- The shares of Netflix Inc (NASDAQ: NFLX) have received a $645 price target from KeyBanc. These are the details.
The shares of Netflix Inc (NASDAQ: NFLX) have received a price target decrease from $650 to $645 by KeyBanc. And KeyBanc analyst Justin Patterson is maintaining an “Overweight” rating on the shares.
Patterson adjusted the rating and price target due to a slight reduction in the company’s 2022 revenue estimates. And Patterson feels incrementally better that relevant content has been resonating and 2022 will mark a return to more normal net add growth.
As Netflix is getting back to a 27 million net add cadence, Patterson believes that investor concerns involving annual operating margin expansion is moderate as the focus shifts back to a 30% annual EPS growth.
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