Citi Downgrades Roku Inc. (ROKU) to Neutral, 'Revenue Reacceleration Priced In'

Citi analyst Jason Bazinet downgraded Roku Inc. (NASDAQ: ROKU) from Buy to Neutral with a price target of $100.00 (from $75.00).

The analyst comments "We see scope for Roku’s revenues to reaccelerate in 2024. However, given the run-up in the shares YTD (up ~120%), we believe this is largely priced into the equity. While both our estimates and target price move higher (the latter to $100 from $75), we are moving to the sidelines and downgrading Roku from Buy to Neutral. In short, we see limited upside from here."

For an analyst ratings summary and ratings history on Roku Inc. click here. For more ratings news on Roku Inc. click here.

Shares of Roku Inc. closed at $91.25 yesterday.

You May Also Be Interested In

• HSBC Downgrades Hermes International (RMS:FP) (HESAY) to Hold
• Eledon Pharamceuticals (ELDN) PT Raised to $7 at Leerink
• JPMorgan Starts Multi Commodity Exchange of India Ltd (MCX:IN) at Underweight