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Why Roku Stock Plunged Today

TheMotleyFool

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Shares of Roku (NASDAQ: ROKU) declined by 11.3% on Wednesday, following bearish analyst remarks.

MoffettNathanson analyst Michael Nathanson slashed his share price forecast for Roku from $330 to $220. If he's correct, investors could suffer losses of roughly 10% from the stock's closing price near $245 on Wednesday.

MoffettNathanson analyst Michael Nathanson is a Roku bear. Image source: Getty Images.

Source Fool.com

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