Netflix Stock Sinks as Analyst Bemoans Lack of Breakout Hits -- WSJ
Dow Jones2026/09/18 14:03By Caitlin McCabe
Netflix shares plunged more than 5% this morning after Wells Fargo downgraded the stock to underweight and slashed its price target to $57 a share, from $80.
"Engagement trends look worrying to us," wrote a team of analysts led by Steven Cahall, who estimated that viewership in the first half of 2026 was down 8% from the same period in 2023. "TLDR: [Netflix] has lacked big original series & it's showing."
The team noted that Netflix's platform highlights "gaming, docs, reality & video podcasts." But, they added, "if the opportunity is to recast NFLX into a broader content hub, the risk is missing the watercooler originals. We see a breakout hit as a must for the stock to work again."
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(END) Dow Jones Newswires
September 18, 2026 10:03 ET (14:03 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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