Countering Morgan Stanley, Needham Is Now the Biggest Roku Bull

Shares of Roku (NASDAQ: ROKU) tanked on Monday after Morgan Stanley said it was time to sell, citing concerns around valuation and slowing growth. Needham countered that downgrade on Tuesday with a major upgrade, with analyst Laura Martin boosting her price target from $150 to $200 -- the highest on Wall Street -- and reiterating a buy rating. That's nearly twice the $110 price target that Morgan Stanley slapped on the stock.

Here's why Needham thinks Morgan Stanley is wrong about Roku.

Apple TV+ is available on Roku. Image source: Roku.

Continue reading

Source Fool.com