From The Hollywood Reporter · Alex Weprin · · 30s
Netflix Stock Drops After Wells Fargo Downgrade
Wells Fargo downgrades Netflix stock as engagement trends worsen.
In brief
Wells Fargo downgrades Netflix stock as engagement trends worsen. Wells Fargo downgraded Netflix stock after noting declining viewer engagement and lack of big original series. Originally reported by The Hollywood Reporter.
Wells Fargo Downgrade
Wells Fargo downgraded Netflix stock.
Engagement Trends Worrying
Engagement trends look worrying to us.
“Engagement trends look worrying to us”
Nielsen Gauge Decline
Netflix fell in the Nielsen Gauge.
Top 100 Titles Drop
Top 100 titles saw slight year-over-year decline.
Original Series Shortfall
Netflix lacks big original series.
“TLDR: NFLX has lacked big original series & it’s showing”
What matters most
Wells Fargo downgraded Netflix stock after noting declining viewer engagement and lack of big original series.
