Netflix faces KeyBanc price target cut to $110 amid Warner Bros. deal uncertainty

KeyBanc Capital Markets maintained its Overweight rating on Netflix but significantly lowered the price target from $139 to $110, citing uncertainty surrounding the Warner Bros. deal and concerns over the 2026 content slate and margins.

• NFLX shares are currently trading at $88.01.
• The stock has seen a decline of nearly 30% over the past six months.
• The company is scheduled to report earnings on January 20, 2026.