Truist Securities Maintains Hold on Roku, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Matthew Thornton has maintained a 'Hold' rating on Roku (NASDAQ:ROKU) and lowered the price target from $80 to $70.
October 23, 2023 | 5:28 pm
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NEGATIVE IMPACT
Roku's price target has been lowered from $80 to $70 by Truist Securities, which maintains a 'Hold' rating on the stock.
The lowering of Roku's price target by Truist Securities could potentially lead to a negative sentiment among investors, which may put downward pressure on the stock price in the short term. The 'Hold' rating suggests that the analyst does not see significant upside potential in the near term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100