Roku Stock Plunges After Analyst Slashes Rating
Shares of Roku (NASDAQ: ROKU) had been on a tear in 2019. The streaming video device maker's stock had surged more than five times in value prior to Monday, following multiple quarters of impressive growth. Now, however, a notable investment firm thinks the shares have come too far, too fast.
Morgan Stanley downgraded Roku's stock on Monday from equal weight to underweight. Analysts at the investment bank say shares are too expensive -- and that investors are failing to account for significant risks.
Roku's stock is likely to underperform the market, according to Morgan Stanley. Image source: Getty Images.
Source Fool.com