Analyst Slashes Roku Price Target 32% Because This Is As Good as It Gets

Roku (NASDAQ: ROKU) stock is up 30% in 2020 and has nearly doubled from the lows it hit in March when the COVID-19 pandemic struck, but an analyst at investment firm Stephens thinks the streaming platform has peaked.

Kyle Evans downgraded Roku shares to equal weight from his previous overweight rating, and slashed his price target by 32% from $150 per share to $105, about 9% below where the streamer currently trades.

Image source: Roku.

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Source Fool.com