Piper Sandler Maintains Neutral on Roku, Lowers Price Target to $81
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Matt Farrell maintains a Neutral rating on Roku (NASDAQ:ROKU) and lowers the price target from $90 to $81.
October 11, 2023 | 4:00 pm
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Piper Sandler has maintained a Neutral rating on Roku and lowered the price target from $90 to $81.
The lowering of the price target by Piper Sandler could potentially lead to a decrease in Roku's stock price in the short term as it indicates a lower valuation expectation by the analyst. However, the maintained Neutral rating suggests that the analyst does not see significant downside risk.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100