Keybanc Cuts Netflix (NFLX) Price Target to $85

Keybanc has reiterated its Overweight rating on Netflix with a new price target of $85, a 21.06% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 1:56 PM EDT

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Keybanc cut its price target on Netflix, Inc. ($NFLX) to $85 from $92 on October 13, 2026, and rates the stock "Overweight".

Since the rating, $NFLX is up 0.1% to date (from the $70.46 close on Oct 13, 2026).

NFLX Netflix, Inc.

$70.53 -22.49% year to date

Daily close · Oct 16, 2026

Key Points

On October 13, 2026, Keybanc reiterated its Overweight rating on Netflix, setting a price target of $85, down from $92.
Keybanc's $85 price target implies 21.06% upside from Netflix, Inc.'s ($NFLX) current $70.22 share price.
As of October 16, 2026, Netflix shares were recently trading around $70.22, which is below both the 50-day and 200-day moving averages.
Netflix's forward P/E ratio stands at 19.1, with a revenue growth year-over-year of 13.4%.

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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Netflix, Inc. alert may contain errors. Disclosures

Keybanc has reiterated its Overweight rating on Netflix, Inc. (NFLX) on October 13, 2026, with a new price target of $85. This is a decrease from their prior target of $92. The stock is currently trading at $70.22 as of October 16, 2026.

Keybanc's Call on Netflix

Keybanc maintains an Overweight rating on Netflix, reflecting its belief in the company's growth potential. The new price target of $85 suggests that there is still room for the stock to rise, despite being below the previous target. Analysts at Keybanc are optimistic about Netflix's future performance in the competitive entertainment sector.

Other Institutional Activity in Netflix

Several other institutional investors have also been active with Netflix shares. Blackrock Inc. grew its holdings by 2,527,574 shares, bringing its total to 348,770,600 shares worth approximately $24.6 billion. State Street Corporation added 8,479,513 shares, now holding 180,129,582 shares valued at around $12.7 billion. Invesco Ltd. increased its stake by 3,957,011 shares, totaling 135,419,167 shares worth about $9.6 billion.

Netflix, Inc. Stock Down 0.5%

Currently, Netflix shares are trading below both their 50-day moving average of $75.16 and their 200-day moving average of $83.00. They are also significantly below their 52-week high of $124.86, down about 43.8%. However, the stock is above its 52-week low of $65.08, by about 7.9%.

12-month forecast

$NFLX price target

Netflix, Inc. daily closes and this analyst's $85 target. Not advice.

Recent Earnings

In the trailing twelve months, Netflix reported revenue of approximately $48.4 billion and an EPS of $3.18. The next earnings report is scheduled for October 20, 2026, which should provide further insights into the company's performance.

Insider Buying and Selling at Netflix, Inc.

Recent insider transactions include Chief Executive Officer Gregory K. Peters, who sold 27,312 shares at an average price of $73.54 on August 6, 2026. Chief Financial Officer Spencer Adam Neumann sold 9,248 shares at $75.79 on August 10, 2026. Director Richard N Barton also sold 720 shares at $77.60 on September 8, 2026, and an additional 1,440 shares on September 10, 2026.

Analysts Set New Price Targets

On October 13, 2026, Keybanc reiterated its Overweight rating on Netflix with a price target of $85. Earlier, Guggenheim maintained a Buy rating with a target of $80, while TD Cowen reiterated their Buy rating with a target of $100. The consensus among 45 analysts suggests a mean price target of around $91.95.

About Netflix, Inc.

Netflix, Inc. is a global entertainment service that provides a wide variety of TV shows, movies, documentaries, and games. Founded in 1997 and based in Los Gatos, California, Netflix has changed how people consume content, offering streaming services on various devices.

Bottom Line

Investors will be watching Netflix closely, especially with the upcoming earnings report on October 20, 2026. Keybanc's updated rating and target reflect ongoing adjustments in the market, and further analyst opinions may provide insights into the stock's potential movement.