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KeyBanc Casts Doubt on Roku's International Expansion Timeline

TheMotleyFool

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KeyBanc Casts Doubt on Roku's International Expansion Timeline

Expanding its presence abroad is one of Roku's (NASDAQ: ROKU) core growth strategies going forward, but one Wall Street analyst isn't so sure about the timeline. KeyBanc downgraded Roku shares this week from overweight (equivalent to buy) to sector weight (neutral), with analyst Justin Patterson removing his previous price target of $228.

With the stock already hitting that level, KeyBanc now has concerns over valuation.

Image source: Roku.

Source Fool.com

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