Weekly Recap | Netflix -7.25%, Wells Fargo cuts to underweight
Weekly Review·
- Netflix shares fell 7.25 % this week to close at 71.79 USD, underperforming the S & P 500 by 7.17 percentage points.
- Wells Fargo downgraded Netflix to underweight with a target price of 57 USD on September 18, citing concerns over user engagement trends and content strategy.
- Despite the downgrade and a weekly trading amplitude of 13.82 %, Netflix maintains an overall consensus buy rating among analysts with a consensus target price of 93.37 USD.