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The call came from analysts at Goldman Sachs, who reiterated the firm’s buy rating for NFLX and increased its price target to $490 from $390. That projection would represent a nearly 35% upside to Tuesday’s close and, according to FactSet, marks the highest target out of the 36 analysts who cover Netflix.


is the would past of will in the sentence above?

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Yes, "would" is the past form of "will", though its meaning is not restricted to past time, of course, as your example demonstrates.