A Wells Fargo Analyst Noticed He Stopped Watching Netflix, Then Told Clients to Sell

A Wells Fargo Analyst Noticed He Stopped Watching Netflix, Then Told Clients to Sell

A Wells Fargo analyst noticed something personal about his own Netflix habits, turned it into a formal downgrade, and put himself against nearly every other analyst covering the stock. Whether that instinct is genius or noise depends on what happens to Netflix engagement over the next two quarters.

This Bearish Netflix Stock Trade Can Cash In On Video Streaming Giant's Woes

Netflix faces intense competition from rivals while also struggling to turn out hits — and it's showing up in its stock.

Netflix Shares Fall 5 Percent After Wells Fargo Stock Downgrade

Shares for Netflix fell 5 percent last week after Wells Fargo downgraded its stock due to worrying trends in user engagement.

NFLX Stock Drops After Wells Fargo Warning

TLDR Wells Fargo downgraded Netflix, adding pressure as concerns around user engagement increased. NFLX stock has fallen 10.6% in one week and 21.1% year to date. Netflix closed at $71.79, below the widely followed fair value estimate of $82. Buybacks, advertising, live programming, and AI projects remain key areas investors are watching. Streaming competition is [...]