Bearish
Wells Fargo downgrades Netflix to 'Underweight' amid engagement concerns.
Wells Fargo has downgraded Netflix's stock rating to 'Underweight' from 'Equal Weight' and reduced its price target to $57 from $80, citing concerns over declining viewership and a weaker content slate in the second half of 2026. The firm estimates a 4% year-over-year drop in viewership for the second half, including a more than 20% decline in the Top 100 Netflix Originals. (tradingview.com)
Key points
- Wells Fargo downgrades Netflix to 'Underweight' amid engagement concerns.
- Netflix's Q2 earnings beat expectations, but revenue guidance misses.
- Netflix to announce Q3 2026 financial results on September 14, 2026.
Sources
AI-generated from public news sources. Not financial advice.
