Truist lowered the firm’s price target on Roku to $70 from $80 and keeps a Hold rating on the shares ahead of its Q3 results next week. Sentiment on the stock is “leaning cautious”, though consensus for Q3 looks “very reasonable” and Q4 consensus is “net reasonable”, the analyst tells investors in a research note.
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Read More on ROKU:
- Roku added to ‘Tactical Outperform’ list at Evercore ISI
- Roku price target lowered to $70 from $80 at Truist
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