Bearish
Wells Fargo downgrades Netflix to 'Underweight' with $57 price target
Wells Fargo downgraded Netflix's stock rating to 'Underweight' and reduced its price target to $57, citing concerns over declining viewership and a weaker content lineup for the latter half of 2026. Analyst Steven Cahall estimates a 21% year-over-year decline in viewing hours for Netflix's top 100 originals in the second half of 2026, attributing this to a less compelling content slate and reduced user engagement.
Key points
- Wells Fargo downgrades Netflix to 'Underweight' with $57 price target.
- Analyst forecasts 21% decline in viewing hours for top 100 originals in H2 2026.
- Netflix's stock trades at $75.31, above the new target but down 37.65% over the past year.
Sources
AI-generated from public news sources. Not financial advice.
