Seaport Global Downgrades Roku to Sell, Announces $75 Price Target
Portfolio Pulse from Benzinga Newsdesk
Seaport Global analyst David Joyce has downgraded Roku, Inc. (NASDAQ:ROKU) from Neutral to Sell and set a price target of $75.

December 18, 2023 | 9:42 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Seaport Global analyst David Joyce downgraded Roku from Neutral to Sell and set a price target of $75, which may negatively impact the stock's short term performance.
Analyst downgrades typically lead to a negative perception among investors and can result in a short term decline in the stock price. The new price target of $75 set by Seaport Global suggests a bearish outlook on Roku's valuation, which could further influence the stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100