Citigroup Maintains Neutral Rating for Roku: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup has maintained its Neutral rating for Roku (NASDAQ:ROKU) but lowered its price target from $100.00 to $78.00. Roku's shares are currently trading at $68.65, up 1.49% over the last 24 hours. A move to $78.00 would represent a 13.62% increase from the current share price.
September 28, 2023 | 5:00 pm
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Citigroup's lowered price target for Roku may cause some investors to reassess their positions, potentially impacting the stock's price in the short term.
Analyst ratings and price targets can influence investor sentiment and trading decisions. While Citigroup has maintained a Neutral rating for Roku, the lowered price target may cause some investors to reassess their positions. However, the current upward trend in Roku's share price suggests that the market may not be overly concerned by this adjustment.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100