Morgan Stanley Maintains Underweight on Roku, Raises Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Benjamin Swinburne maintains an Underweight rating on Roku (NASDAQ:ROKU) and raises the price target from $50 to $55.
July 31, 2023 | 2:05 pm
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Morgan Stanley maintains an Underweight rating on Roku and raises the price target from $50 to $55.
The news is directly about Roku and is likely to impact its stock price. However, despite the increase in price target, the Underweight rating suggests that the analyst believes the stock may underperform the market, which could limit any positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100