Macquarie Maintains Outperform on Roku, Lowers Price Target to $72
Portfolio Pulse from Benzinga Newsdesk
Macquarie analyst Tim Nollen maintains an Outperform rating on Roku (NASDAQ:ROKU) but lowers the price target from $88 to $72.

August 02, 2024 | 10:03 pm
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Macquarie analyst Tim Nollen maintains an Outperform rating on Roku but lowers the price target from $88 to $72.
The Outperform rating suggests continued confidence in Roku's long-term prospects, but the lowered price target indicates some short-term concerns. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100