TipRanks(@TipRanks):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.

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2026.09.18 09:34

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.