Bearish
Wells Fargo downgrades Netflix to Underweight, sets price target at $57.
Wells Fargo has downgraded Netflix's stock rating to Underweight, citing concerns over declining viewer engagement and a weaker content lineup for the latter half of 2026. The firm projects a 21% year-over-year decline in viewing hours for Netflix's top 100 original titles.
Key points
- Wells Fargo downgrades Netflix to Underweight, sets price target at $57.
- Netflix's stock price closed at $71.145 on September 25, 2026.
Sources
AI-generated from public news sources. Not financial advice.
