Why Netflix Stock Dropped Today
Fewer hit shows could mean lower returns for investors.
Overview
Shares of Netflix (NASDAQ: NFLX) fell on Friday after analysts predicted a worrisome downturn in viewer engagement trends.
Image source: The Motley Fool.
Wells Fargo analyst Steven Cahall placed an underweight (read: sell) rating on Netflix's stock. He warned that the streaming titan's share price could fall roughly 20% to $57.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.