Wells Fargo Downgrades Roku - Read Why - Roku (NASDAQ:ROKU)

Wells Fargo analyst Steven Cahall downgraded Roku Inc ROKU to 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 Guggenheim, who 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.

Momentum62.49

Growth20.66

Quality-

Value60.20

Short

Medium

Long

Wells Fargo Downgrades Roku - Read Why