Netflix valuation to enter ‘danger zone’, warn analysts, despite being ‘overweight’; Target price hiked to $1000

Netflix stock is likely to enter “the valuation danger zone,” but market analysts at KeyBanc reiterated their bullish position and opted to raise their share price target. According to a report by Barron’s, analysts led by Justin Patterson maintained an ‘Overweight’ rating on Netflix, while increasing the price target to $1000 from $785. The new price target is 9.4 per cent above current levels.