Why Is NetFlix (NFLX) Stock Price Down 4.67% Today, Sep 18? Wells Fargo Downgrade and 21% Original-Viewing Drop Hit NFLX

Netflix sold off after Wells Fargo downgraded the stock and cut its target materially, citing weakening engagement metrics and a softer original-content slate. The report highlights risk that slower viewing growth could translate into higher churn and reduced margin leverage, driving a valuation multiple reset. The move diverged from a modestly higher Nasdaq session, underscoring predominantly idiosyncratic pressure on NFLX and related media/streaming sentiment.