Jefferies Assumes Roku at Underperform, Announces Price Target of $50
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst James Heaney has initiated coverage on Roku (NASDAQ:ROKU) with an Underperform rating and set a price target of $50.
May 02, 2024 | 12:12 pm
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Jefferies analyst James Heaney has given Roku a bearish outlook with an Underperform rating and a price target of $50.
The initiation of coverage by Jefferies with an Underperform rating and a price target significantly below Roku's current trading price suggests a bearish outlook for the stock. This could lead to negative sentiment among investors and potentially drive the stock price down in the short term.
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