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