Citron Research Out Negative on Roku (ROKU); Calls 'Total Joke'

(Updated - November 28, 2017 12:41 PM EST)

Citron Research came out negative on momentum stock and recent IPO Roku (NASDAQ: ROKU) intra-day Tuesday, calling it a "total joke".

Time to pop some real bubbles. $ROKU, total joke. Citron trusts Mark Mahaney at $28 price target and that is IF they can hold comp back. Today's Needham research is irresponsible. Unless $ROKU finds a way to stream a BTC- this stock is MUCH LOWER....caveat emptor

— Citron Research (@CitronResearch) November 28, 2017

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