Bearish
Wells Fargo downgrades Netflix (NFLX) to Underweight, sets price target at $57.
Wells Fargo has downgraded Netflix's stock rating from Equal Weight to Underweight, citing concerns over declining viewer engagement and a weaker content lineup for the latter half of 2026. The firm has also reduced its price target to $57, suggesting potential downside from current levels.
Key points
- Wells Fargo downgrades Netflix to Underweight, citing declining engagement and weak content.
- Analyst estimates 4% year-over-year decline in Netflix viewership for the second half of 2026.
- Despite downgrade, some investors view current stock price as undervalued.
Sources
- Wells Fargo downgrades Netflix stock rating on weak content slateInvesting.com · September 18, 2026
- Wells Fargo Cuts Netflix (NFLX) to Underweight as its 2026 Slide DeepensInsider Monkey · September 21, 2026
- Wells Fargo cuts Netflix rating on engagement risk, weak slateInvesting.com · September 18, 2026
AI-generated from public news sources. Not financial advice.
