KeyBanc analyst Justin Patterson raised the firm’s price target on Netflix (NFLX) to $115 from $108 and keeps an Overweight rating on the shares. Ahead of Q1 earnings, the firm also raised its 2026/2027 revenue and EPS to reflect a durable monetization algorithm, and the removal of Warner Bros. Discovery (WBD) integration costs. While KeyBanc suspects Netflix may opt to reinvest some of the initial savings, it believes this will likely translate toward higher growth and over $4/share in 2027 EPS.
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