What's Going On With Roku Stock Today?
Portfolio Pulse from Ryan Gustafson
Roku, Inc. (NASDAQ:ROKU) shares are trading lower ahead of its Q2 earnings report. The company is expected to report a loss of $1.27 and revenue of $773.43 million. The stock experienced above-average trading volume and increased short interest. Morgan Stanley analyst Benjamin Swinburne reiterated Roku with an Underweight rating and maintained the $50 price target.
July 27, 2023 | 7:41 pm
News sentiment analysis
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Roku's stock is trading lower ahead of its Q2 earnings report. The company is expected to report a loss and has seen increased short interest.
The stock is trading lower due to the anticipation of a loss in the upcoming earnings report. Additionally, the increased short interest indicates that more investors are betting that the stock price will fall. The Underweight rating from Morgan Stanley also contributes to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100