1 Analyst Thinks Roku Stock Could Fall 50%
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
Comcast's (NASDAQ: CMCSA) recent announcement shocked Roku (NASDAQ: ROKU) investors.
On Wednesday, the nation's biggest cable provider (and more to the point, its biggest provider of internet-only service over its cables) announced that it will begin distributing free Xfinity Flex streaming media devices to its internet-only subscribers. In so doing, Comcast will eliminate the $5 monthly fee for renting the device currently being charged to its customers, and also give internet-only customers access to a library of "more than 10,000 free movies and TV shows" streamable through Flex.
Source Fool.com
