NFLX Stock Drops After Wells Fargo Warning

TLDR Wells Fargo downgraded Netflix, adding pressure as concerns around user engagement increased. NFLX stock has fallen 10.6% in one week and 21.1% year to date. Netflix closed at $71.79, below the widely followed fair value estimate of $82. Buybacks, advertising, live programming, and AI projects remain key areas investors are watching. Streaming competition is [...]

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