- Wells Fargo analyst Steven Cahall downgraded Roku Inc ROKU to Equal Weight from Overweight with a price target of $350, down from $488, implying an 8.8% upside.
- With ARPU expectations up 50% in 12 months, Cahall now sees less upside potential and feels that shares are more fully valued.
- While he likes the story, the stock's ability to outperform requires results that exceed already high expectations.
- The rating shortly follows Guggenheim, who just upgraded it to Buy and saw a 22% upside.
- Price Action: ROKU shares traded lower by 3.86% at $321.59 on the last check Friday.
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