Bearish
Netflix's stock drops 3.5% after Wells Fargo downgrades to 'Underweight'
In the past 24 hours, Netflix's stock declined by approximately 3.5% following Wells Fargo's downgrade to 'Underweight' with a price target of $57. The downgrade is attributed to concerns over declining viewer engagement and the company's content strategy.
Key points
- Wells Fargo downgrades Netflix to 'Underweight' with a $57 price target, citing engagement concerns.
- Netflix's stock price closed at $68.69 on October 6, 2026.
Sources
AI-generated from public news sources. Not financial advice.
