Why Roku Stock Tumbled Today
If its stock performance Wednesday is any indication, Roku (NASDAQ: ROKU) is going to deliver disappointing fourth-quarter results. With the bear case for the stock being bolstered by several downbeat analyst updates, investors traded the streaming TV software and hardware provider's stock down by 4% one day before those earnings were scheduled for release.
Over the past few days, several influential researchers have either cut their price targets on Roku or reiterated bearish views on its prospects.
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Source Fool.com
