Netflix can't seem to shake off a rough stretch on Wall Street. Wells Fargo just slashed its rating on the stock to Underweight, pointing to a thinner content lineup and cooling viewer engagement as reasons to stay cautious. Shares are down 20% year to date — putting Netflix on pace for its worst year since 2022, when the stock lost 51%. Do you think the slide continues, or is this a buying opportunity? Read more:

Netflix $NFLX downgraded to Underweight from Equal Weight at Wells Fargo Wells Fargo downgraded Netflix to Underweight from Equal Weight with a price target of $57, down from $80. Wells says the company's engagement trends "look worrying." Wells believes Netflix's originals content slate is weaker in the second half of 2026 versus prior periods. Its base case is the company's top 100 originals hours will be down 21% year-over-year. Wells cites engagement risk for the downgrade.