Loading...
Loading...
- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
