Netflix shares fall after Wells Fargo downgrade and lower target
Netflix fell 3.04% premarket after Wells Fargo downgraded it to Underweight from Equal Weight and cut its price target to $57 from $80, citing declining viewership and a weaker content slate in 2H 2026.
Netflix Inc. 04% premarket after Wells Fargo downgraded the stock to Underweight from Equal Weight and lowered its price target to $57 from $80, citing declining viewership and a weaker content slate in the second half of 2026. Analyst Steven Cahall estimates viewership falls 4% year over year.