Stock Market Today, Sept. 18: Netflix Falls on Analyst Downgrade and Slashed Price Target
Today, Sept. 18, 2026, Wells Fargo cut its rating and price target, citing weaker engagement and content concerns, prompting investors to watch margin trends.
Overview
Netflix (NASDAQ:NFLX), a global subscription streaming platform with live content and originals, closed at $71.79, down 4.67%. Wells Fargo (NYSE:WFC) downgraded the stock and cut its target, citing weaker engagement and content concerns. Investors are next watching for earnings, second-half content, and margin trends.
Trading volume reached 87.2 million shares, coming in about 116% above its three-month average of 40.4 million shares. Netflix IPO'd in 2002 and has grown 59,888% since going public.
The S&P 500 (SNPINDEX:^GSPC) closed at 7,650.50, up 0.17%, while the Nasdaq Composite (NASDAQINDEX:^IXIC) finished at 26,523, up 0.39%. Among entertainment streaming services and subscription video-on-demand peers, Walt Disney (NYSE:DIS) closed at $102.67, down 2.54%, and Comcast (NASDAQ:CMCSA) closed at $22.74, down 0.74%, showing softer trading across the group.
Details
On Friday, Wells Fargo analyst Steven Cahall downgraded Netflix to "underweight" and reduced the price target from $80 to $57, according to reports. That implies another 20% downside for the stock even after today's slide.
Source
Originally published at www.fool.com.