1 Wall Street Analyst Just Called Netflix a Sell. Is It Time To Dump the Streaming Stock?

Wells Fargo and HSBC downgraded NFLX, with Wells Fargo issuing a sell rating and HSBC moving to hold. The analysts cited declining viewer engagement, weak performance from original content, and rising competition from YouTube as key headwinds. NFLX shares are down 23% year-to-date, though the company continues to post double-digit revenue growth and maintain strong profit margins. The downgrades signal growing Wall Street concern over slowing subscriber growth momentum despite the streaming giant's continued financial strength.