Roku shares are trading lower after MoffettNathanson downgraded the stock from Neutral to Sell, but raised its price target from $64 to $66.
Portfolio Pulse from Benzinga Newsdesk
Roku's stock is trading lower following a downgrade by MoffettNathanson from Neutral to Sell, despite an increase in the price target from $64 to $66.
December 15, 2023 | 3:08 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Roku Inc. shares are down after an analyst downgrade to Sell, although the price target was slightly raised.
The downgrade to Sell by MoffettNathanson suggests a bearish outlook on Roku's stock, which typically leads to a negative short-term impact on the share price. The increase in price target might slightly cushion the impact but does not change the overall negative sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100