Wedbush Maintains Outperform on Roku, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Michael Pachter maintains an Outperform rating on Roku (NASDAQ:ROKU) but lowers the price target from $80 to $75.

April 26, 2024 | 1:11 pm
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Wedbush maintains an Outperform rating on Roku but lowers the price target from $80 to $75.
The adjustment in price target by Wedbush reflects a slight moderation in their short-term outlook for Roku, possibly due to market conditions or Roku's performance metrics. However, maintaining an Outperform rating indicates a continued positive long-term view on the company's prospects. This mixed signal could lead to neutral short-term price movement as investors digest both the positive rating and the reduced price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100