Sell Netflix and Buy Roku, According to This Analyst
Shares of Netflix (NASDAQ: NFLX) have done remarkably well this year, having climbed 53% so far in 2020. Roku's (NASDAQ: ROKU) stock has done even better, more than doubling Netflix's performance and gaining 129%. Going forward, however, their paths will diverge even further, with Roku remaining a buy and Netflix underperforming.
That's according to Needham analyst Laura Martin. On Wednesday, Martin named the two stocks Needham's "top pairs trade" for 2021, going short on Netflix and long on Roku, while retaining her $315 price target on Roku's stock.
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Source Fool.com
