Netflix stock falls on a Wells Fargo downgrade

Published on 09/21/2026 at 15:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Netflix stock closed at USD 71.79 on September 18, 2026, after Wells Fargo cut its target to USD 57 from USD 80. MarketBeat puts the 52-week range at USD 65.08 to USD 124.86.

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Netflix stock (ISIN US64110L1061) closed at USD 71.79 on September 18, 2026, down 4.67 percent, after Wells Fargo cut its target to USD 57 from USD 80 and moved to Underweight, a step that helped define the latest move in the shares.

Analyst split widens

As Investing.com reported on September 21, 2026, the Wells Fargo call came as Netflix raised prices again in September 2026 and U.S. streaming cancellations reached 39 percent in six months, up from 29 percent in March. The same report said Evercore ISI kept an Outperform rating and raised its target to USD 110 from USD 100.

That leaves a wide gap on valuation: Wells Fargo at USD 57 and Evercore at USD 110, a difference of USD 53. MarketBeat lists Netflix with a consensus target of USD 95.99 and a Moderate Buy rating as of September 20, 2026.

Latest numbers matter

MarketBeat also shows a market capitalization of USD 298.93 billion, volume of 114.25 million shares and a 52-week range of USD 65.08 to USD 124.86 for Netflix on September 18, 2026. The shares traded between USD 70.11 and USD 72.38 that day, which kept the close much closer to the 52-week low than the high.

On the operating side, MarketBeat says Netflix reported July 16, 2026 earnings of USD 0.80 per share, USD 0.01 above consensus, while revenue rose 13.4 percent year over year. It also lists trailing net income of USD 10.98 billion, trailing EPS of USD 3.18 and a net margin of 28.22 percent.

Stock near the low end

Netflix stock ended September 18, 2026 at USD 71.79, or 10.31 percent above the 52-week low of USD 65.08 and far below the 52-week high of USD 124.86. The price sits inside a wide analyst debate, with the latest Street targets ranging from USD 57 to USD 110.