Roku (ROKU) Stock Crashes 25% on Mixed Q4 Results and Weak Guidance, Pivotal Downgrades to Sell With a Street-Low Price Target
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Go back to Roku (ROKU) Stock Crashes 25% on Mixed Q4 Results and Weak Guidance, Pivotal Downgrades to Sell With a Street-Low Price Target
February 18, 2022 8:28 AM EST
Needham & Company analyst Laura Martin has urged investors to consider buying weakness in Roku shares after the company reported disappointing Q4 results and guidance yesterday.
In response to the earnings print, shares are down over 25% in pre-open Friday.
Martin says hir firm is a buyer on weakness... More
February 18, 2022 8:23 AM EST
Guggenheim analyst Michael Morris lowered the price target on Roku Inc. (NASDAQ: ROKU) to $135.00 (from $210.00) while maintaining a Buy rating following results.
The analyst commented, "At the last after-market trade ~$112.50, Roku shares are down 75% from the companys 4Q20 earnings report on 2/17/21. Over the same... More
February 18, 2022 6:28 AM EST
Needham & Company analyst Laura Martin reiterated a Buy rating and $205.00 price target on Roku Inc. (NASDAQ: ROKU).
The analyst comments "Roku is a pure-play way to invest in growth of the US over-the-top (OTT) and connected-TV (CTV) ecosystems. We believe that Roku's advertising addressable market (TAM) in the US is the $60B of US traditional linear TV advertising revenue... More
