Netflix shares fall after Wells Fargo downgrade and target cut
Netflix shares fell about 5% in the afternoon after Wells Fargo analyst Steven Cahall downgraded the stock to Underweight and cut his price target to $57 from $80.
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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.