KeyCorp cuts target for Netflix stock to USD 85.00

Q2 revenue rose 13.40 percent to USD 12.56 billion. Netflix stock costs EUR 62.50 on October 14, 2026 versus EUR 63.23 Xetra close.

KeyCorp lowered its Netflix price target from USD 92.00 to USD 85.00 on October 13, 2026, while keeping an Overweight rating, according to MarketBeat. The new target lies 22.34 percent above the Nasdaq price of USD 69.56 at 11:22 a.m. ET on October 14, 2026. Netflix was trading at EUR 62.50 at Lang & Schwarz on October 14, 2026 at 5:11 p.m. CEST, 1.15 percent below the Xetra close of EUR 63.23 on October 13, 2026.

Revenue grows at a slower pace

Netflix reported revenue of USD 12.56 billion in the second quarter of 2026, up 13.40 percent from the year-earlier quarter, according to Yahoo Finance on October 4, 2026. Earnings per share reached USD 0.80 versus USD 0.72 a year earlier, while operating margin fell to 33.40 percent from 34.10 percent.

The operating picture is therefore mixed in a precise way. Revenue remains in double-digit growth, but the 0.70-percentage-point margin decline puts more weight on content spending and upcoming execution.

Price remains near yearly low

The Nasdaq price of USD 69.56 stood above the 52-week low of USD 65.08 and below the 52-week high of USD 124.86 on October 14, 2026. The gap to the high was 44.28 percent, while the latest Lang & Schwarz euro price remained close to the lower part of its annual range.

Netflix traded at EUR 62.50 with a bid of EUR 62.47 and an ask of EUR 62.53 at Lang & Schwarz on October 14, 2026 at 5:11 p.m. CEST. The Xetra comparison uses EUR 63.23 as the October 13 close, producing a decline of 1.15 percent.

Valuation and peer comparison

Netflix had a market capitalization of USD 289.6 billion and a P/E ratio of 21.86 on October 14, 2026. The valuation sits beside a second-quarter operating margin of 33.00 percent in the standardized financial statements and the 13.40 percent revenue increase reported for the same period.

Comparison with peers

Netflix: minus 1.15 percent, P/E 21.86, market capitalization USD 289.6 billion.

The Walt Disney Company (NYSE, USD): minus 0.17 percent, P/E 22.35, market capitalization USD 188.2 billion.

Warner Bros. Discovery (Nasdaq, USD): P/E minus 24.37, market capitalization USD 77.6 billion.

Trading context and valuation

Netflix is scheduled to report third-quarter 2026 results on October 20, 2026, a date identified in the company's investor-relations materials and reported by IG on October 12, 2026. Management guidance for the third quarter calls for revenue of USD 12.86 billion and an operating margin of 33.20 percent, compared with analyst expectations of USD 12.88 billion and earnings per share of USD 0.82, according to the same preview.

The price position and the analyst revisions leave the October report as the next measurable test of whether slower revenue growth is translating into weaker profitability or merely a temporary margin effect. No investment conclusion follows from the figures alone.

Netflix stock and the next report

Netflix was trading at EUR 62.50 at Lang & Schwarz on October 14, 2026 at 5:11 p.m. CEST, 1.15 percent below the Xetra close of EUR 63.23 on October 13, 2026. The Nasdaq price was USD 69.56 at 11:22 a.m. ET on October 14, 2026, separate from the euro quotation.

The further course of trading is shown by the continuously updated real-time quote of Netflix stock.

Netflix market data

• Company: Netflix, Inc.
• ISIN: US64110L1061
• Ticker: NFLX
• Primary exchange: Nasdaq
• Price Lang & Schwarz (as of October 14, 2026, 5:11 p.m. CEST): EUR 62.50
• Change versus Xetra close: minus 1.15 percent
• Xetra close (October 13, 2026): EUR 63.23
• Market capitalization: USD 289.6 billion (as of October 14, 2026)
• 52-week range: USD 65.08-124.86 (as of October 14, 2026)
• Sector / Industry: Communication Services / Entertainment

Market context: Market report S&P 500.

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