In a report released today, Alan Gould from Loop Capital Markets downgraded Roku Inc (ROKU) to Sell. The company’s shares closed yesterday at $70.72, close to its 52-week high of $77.57.
According to TipRanks.com, Gould is a 4-star analyst with an average return of 11.0% and a 64.9% success rate. Gould covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Cinemark Holdings Inc, and AMC Entertainment.
Roku Inc has an analyst consensus of Moderate Buy, with a price target consensus of $56.90.
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The company has a one-year high of $77.57 and a one-year low of $26.30. Currently, Roku Inc has an average volume of 12.84M.
Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is negative on the stock.
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Roku Inc. engages in the provision of a streaming platform for television. It operates through the following business segments: Player and Platform. The Player segment consists of net sales of streaming media players and accessories through retailers and distributors, as well as directly to customers through the company’s website.
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