Morgan Stanley Says to Sell Roku

Shares of Roku (NASDAQ: ROKU) tanked yesterday after Morgan Stanley analyst Benjamin Swinburne downgraded the stock from equalweight to underweight, or the equivalent of a sell rating. The analyst also increased his price target from $100 to $110, which may sound counterintuitive but factors in Roku's massive rally this year (the stock has more than quadrupled in 2019).

Here's why Swinburne thinks it's time to bail on the streaming TV platform.

Image source: Roku.

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Source Fool.com