Analyst Expectations for Roku's Future
Portfolio Pulse from Benzinga Insights
Roku (NASDAQ:ROKU) has been rated by 8 analysts in the last quarter, with 1 bullish, 1 somewhat bullish, 5 indifferent, and 1 bearish rating. The average price target is $80.12, which is below the current price of $99.92, indicating a potential downside. This target has decreased by 1.29% from the previous target of $81.17. Analysts' ratings are based on company financials, future earnings predictions, and industry research.
December 15, 2023 | 7:01 pm
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NEGATIVE IMPACT
Analysts have given Roku mixed ratings with a potential downside indicated by the average price target of $80.12, compared to its current price of $99.92. The price target has also seen a slight decrease from the previous average.
The average price target provided by analysts suggests that Roku's stock price may decrease in the short term. The recent decrease in the average price target further supports the potential for a downward movement. However, the presence of both bullish and bearish ratings indicates uncertainty, which is why the importance is not at the maximum level.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100