
business21 days ago
Wells Fargo casts doubt on Netflix rebound amid ongoing slump
Wells Fargo analysts say Netflix is headed for its worst year since 2022 and expect little chance of a rebound, signaling a continued downturn for the streaming giant.
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Wells Fargo analysts say Netflix is headed for its worst year since 2022 and expect little chance of a rebound, signaling a continued downturn for the streaming giant.

Veteran analyst Sam Stovall updates his bullish outlook on the stock market, highlighting the rapid recovery of the S&P 500 and Nasdaq after recent declines, and suggests that despite short-term challenges, stocks could deliver 6-10% gains by year's end, supported by historical patterns of quick rebounds after sharp drops.