Netflix Stock News

Netflix has "a growing YouTube problem," a Wall Street analyst says. Alphabet's YouTube is taking increasing viewer share.

Netflix stock NFLX fell 2% on Tuesday after HSBC downgraded the streaming company, citing growing competition from Alphabet's YouTube and concerns about near-term viewer engagement. HSBC lowered its rating on Netflix to Hold from Buy and cut its price target to $76 from $96.

Netflix faces intense competition from rivals while also struggling to turn out hits — and it's showing up in its stock.

Netflix shares have taken a hit lately. One group of experts sees the streaming giant's stock falling even further.

Netflix stock tanked on Friday after a Wall Street analyst downgraded the streaming video giant to the equivalent of a sell rating.

Wells Fargo & Co (NYSE:WFC, XETRA:NWT) downgraded Netflix Inc (NASDAQ:NFLX, XETRA:NFC) to "underweight" from "equal weight" Friday, with analysts warning that weaker engagement and content could pressure margins and valuation. Wells Fargo cut its price target to $57, implying about 25% downside according to the note, and lowered its valuation multiple to 15 times forward earnings from 21 times.

US stocks opened mixed on Friday morning, a day after Wall Street posted its best session since early August. The Dow Jones Industrial Average fell 93 points, or 0.18%.

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