Citigroup Maintains Neutral on Roku, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jason Bazinet has maintained a Neutral rating on Roku (NASDAQ:ROKU) and lowered the price target from $75 to $70.

April 30, 2024 | 2:15 pm
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NEGATIVE IMPACT
Citigroup analyst Jason Bazinet maintains a Neutral rating on Roku and lowers the price target from $75 to $70.
The reduction in price target by Citigroup, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in Roku's stock price. The Neutral rating suggests no significant positive catalysts in the near term to counterbalance the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100