Keybanc Maintains Overweight on Netflix, Raises Price Target to $705
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Justin Patterson maintains an Overweight rating on Netflix (NASDAQ:NFLX) and raises the price target from $580 to $705.
March 20, 2024 | 8:35 am
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POSITIVE IMPACT
Netflix's Overweight rating is maintained by Keybanc, with a raised price target from $580 to $705.
The increase in the price target by Keybanc reflects a positive outlook on Netflix's future performance. This adjustment is likely to instill confidence among investors, potentially leading to a short-term increase in the stock price. The Overweight rating indicates that Keybanc views Netflix as a better value than the average stock in the market, suggesting an expectation of superior performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100