Morgan Stanley Maintains Underweight on Roku, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Benjamin Swinburne maintains an Underweight rating on Roku but raises the price target from $60 to $65.
October 29, 2024 | 11:23 am
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Morgan Stanley's analyst Benjamin Swinburne maintains an Underweight rating on Roku, indicating a cautious stance, but raises the price target from $60 to $65, suggesting a slightly more optimistic outlook.
The Underweight rating suggests that the analyst expects Roku to underperform relative to other stocks. However, the increase in the price target from $60 to $65 indicates a slightly improved outlook. This mixed message may lead to neutral short-term price movement as investors weigh the cautious rating against the higher price target.
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IMPORTANCE 80
RELEVANCE 100