Netflix Stock Declines After Wells Fargo Downgrades Streamer Over Engagement Concerns ©TIKR Key Stats for Netflix Stock Price change for Netflix stock in last 6 months: -22% $NFLX Stock Price as of Sep. 18: $72 52-Week High: $125 $NFLX Stock Price Target: $94 What Happened? Netflix (NFLX) stock dropped nearly 5% on Friday after Wells Fargo downgraded the streamer and cut its price target. Analyst Steven Cahall titled the report "Engagement Risk," pointing to worrying trends in viewer engagement. He noted Netflix has been slipping in the Nielsen Gauge, and even its own top 100 titles saw a slight year-over-year decline in viewership. Cahall's blunt take: "Netflix has lacked big original series & it's showing.
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