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KeyBanc Reaffirms Overweight Rating for Netflix (NFLX), Sees Strong Ad Revenue Growth

Netflix Inc. (NASDAQ:NFLX) ranks among the best communication services stocks to buy now. KeyBanc Capital Markets reaffirmed its Overweight rating and $1,390 price target for Netflix Inc. (NASDAQ:NFLX) on September 11 in response to the streaming giant’s partnership with Amazon Ads. The price target is a multiple of 35 times Netflix’s anticipated price-to-earnings ratio in 2027. Photo by Alexander Shatov on Unsplash The investment firm believes that Netflix’s increasing variety of demand-side platforms ...