Netflix price target raised to $1,100 from $1,000 at KeyBanc

KeyBanc raised the firm’s price target on Netflix (NFLX) to $1,100 from $1,000 and keeps an Overweight rating on the shares following quarterly results. Netflix’s net adds were materially better than expected, and the firm believes that is a key driver behind stronger than expected 2025 revenue and OM% guidance. Big picture, strong original content and live events are driving viewership gains, which KeyBanc believes supports price increases and an eventual ad ramp.