- Wells Fargo analyst Steven Cahall downgraded Roku Inc (NASDAQ: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.
Citigroup Maintains Buy on Merus, Lowers Price Target to $30
Citigroup analyst Yigal Nochomovitz maintains Merus (NASDAQ:MRUS) with a Buy and lowers the price target from $34 to $30.
