Netflix Shares Fall as Wells Fargo Turns Bearish

This article first appeared on GuruFocus. Netflix Inc. (NASDAQ:NFLX) 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 the second half of 2026. Warning! GuruFocus has detected 6 Warning Signs with ORCL. Is NFLX fairly valued? Test your thesis with our free DCF calculator.NFLX GF Value chart Analyst Steven Cahall estimates viewership falls 4% year over year in the second half, including a drop of more than 20% in Top 100 Netflix Originals, after reviewing more than 150 key titles across live events, shows and films.