KeyCorp cuts target for Netflix stock to USD 85.00

Published on 10/15/2026 at 11:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Netflix stock costs EUR 63.39 on October 15, 2026. Q3 results follow October 20 after Q2 revenue reached USD 12.56 billion, up 13.40 percent year over year.

Targets earnings and valuation

KeyCorp lowered its Netflix target from USD 92.00 to USD 85.00 on October 13, 2026.
Second-quarter revenue reached USD 12.56 billion, up 13.40 percent year over year.
Netflix stock traded at EUR 63.39 at 11:09 a.m. CEST at Lang & Schwarz on October 15, 2026.

Redaktionelles Foto eines Börsenhandelsraums mit Tradern an mehreren Monitoren, Candlestick-Charts auf großen Wandbildschirmen und dramatischer Beleuchtung — Netflix US64110L1061 illustriert den NASDAQ-Handelsraum mit Tradern, Monitoren und Aktiencharts im Editorial-Stil, Illustration mit AI erstellt.

Netflix (ISIN US64110L1061) was trading at EUR 63.39 at Lang & Schwarz on October 15, 2026 at 11:09 a.m. CEST. 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 target cut puts the October 20 earnings release at the center of the stock's near-term valuation debate.

USD 85 target sets the tone

Netflix's second-quarter revenue reached USD 12.56 billion, up 13.40 percent from the same period a year earlier, while diluted earnings per share came in at USD 0.80 versus USD 0.79 expected. MarketBeat reported the figures on October 13, 2026, and said revenue was slightly below the USD 12.58 billion consensus estimate.

The operating picture is more mixed than the revenue line. Operating income rose to USD 4.19 billion in the second quarter of 2026, but the operating margin declined to 33.40 percent from 34.10 percent a year earlier, according to Yahoo Finance.

What does the guide mean for margins?

Management guided to third-quarter revenue of USD 12.86 billion and an operating margin of 33.20 percent, compared with 28.20 percent in the year-earlier quarter. The same outlook placed full-year 2026 revenue at USD 51.0 billion to USD 51.4 billion and the operating-margin target at 31.50 percent, figures reported by Yahoo Finance on October 4, 2026.

Three dates define the setup

On July 16, 2026, Netflix reported second-quarter revenue of USD 12.56 billion and diluted earnings per share of USD 0.80, as MarketBeat reported. On October 8, 2026, Morgan Stanley reduced its Netflix target from USD 83.00 to USD 80.00, according to the same MarketBeat report. On October 13, 2026, KeyCorp cut its target from USD 92.00 to USD 85.00 while retaining overweight.

The next date is October 20

Netflix is scheduled to publish third-quarter 2026 results after the market close on October 20, 2026, followed by a management video interview, according to InsiderFinance. The release will test whether the 12.00 percent revenue-growth guide and 33.20 percent margin outlook can support the revised analyst targets.

Valuation meets the earnings test

Netflix had a market capitalization of USD 293.8 billion and a 52-week range of USD 65.08 to USD 124.86 as of October 14, 2026. The company operates in the communication services sector and is listed on the NASDAQ under ticker NFLX.

At Lang & Schwarz, Netflix was trading at EUR 63.39 on October 15, 2026 at 11:09 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Netflix stock.