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HSBC says Netflix’s original-content reception has weakened, downgrading the stock to hold. Total viewership hours for series charting on Netflix’s top 10 lists fell 17% year over year in July and August, and third-quarter figures are tracking for a sequential decline, per analysts cited by TradingView News.
examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. U.S. stocks finished a volatile week with mixed results as investors adjusted to the Federal Reserve’s first interest-rate hike since 2023 and rising energy costs. The S&P 500 slipped for a second s
Netflix Inc. (NASDAQ: NFLX ) stock fell more than 3% in Friday premarket trading after Wells Fargo downgraded the streaming giant and sharply cut its price forecast. Wells Fargo analyst Steven Cahall downgraded Netflix from Equal-Weight to Underweight. He also lowered his price forecast to $57 from $80. The new forecas