Why Roku Stock Was Tumbling This Week
Investors seemed to be tuning out Roku (NASDAQ: ROKU) stock in recent trading days. According to data compiled by S&P Global Market Intelligence, they pushed the specialty consumer electronics company's shares down by just under 18% week to date as of Friday morning. An analyst's deep price target cut played quite a role in this.
On Wednesday, Jason Bazinet of influential bank Citigroup made quite a significant change to his fair value assessment of Roku.
Bazinet now believes the stock is worth $81 per share, representing a considerable reduction from his preceding level of $103. In making the cut the analyst maintained his neutral recommendation on Roku.
Source Fool.com
Roku Aktie
91,71 €
-2,41 %
Klares Buy-Übergewicht bei der Roku Aktie mit 49 zu 2 Einschätzungen.
Ein leicht positives Kursziel von 93 € für Roku gegenüber dem aktuellen Kurs von 91.71 € wird gesehen.
