Don't look to Wall Street analysts for any sort of consensus. Their price targets on the stock had ranged from $80 to $185 until Friday, when Pivotal Research's Jeffrey Wlodarczak recommended selling the stock with a $60 target.
"Roku is now in the early stage of expanding its international presence, which we believe represents significant incremental value creation opportunity for the company and shareholders," Morris wrote. "We anticipate that the rate of growth in streaming video service penetration globally will outpace growth in the U.S. over the next 5-10 years, with all markets benefiting from robust, effective streaming connectivity and content interfaces.
Gould is also concerned about the trade war with China and the potential for rising tariffs, given that Foxconn builds Roku's devices. Roku highlighted the risk in its
This is a BagholderQuotes
is this the editorial arm
Price target $80-$185? Haaaa “wAll sTrEet AnALYstS” = “flim-flam men”.
keep selling permabulls