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Fri. 24 Sep 2021, 12:58pm ETBenzinga
In: Analyst Color, News, Downgrades, Price Target, Analyst Ratings, Tech
  • Wells Fargo analyst Steven Cahall downgraded Roku Inc (NASDAQ:ROKUto Equal Weight from Overweight with a price target of $350, down from $488, implying an 8.8% upside.
  • With ARPU expectations up 50% in 12 months, Cahall now sees less upside potential and feels that shares are more fully valued.
  • While he likes the story, the stock's ability to outperform requires results that exceed already high expectations.
  • The rating shortly follows Guggenheimwho just upgraded it to Buy and saw a 22% upside.
  • Price Action: ROKU shares traded lower by 3.86% at $321.59 on the last check Friday.