Why Roku Stock Was an Investor Turn-Off Today
As a company on the forefront of the streaming-video explosion of the past few years, Roku (NASDAQ: ROKU) has been a hot item, at times, on the stock exchange. Wednesday, alas, was not one of those times. The company's share price took a more than 5% hit on the day, following an analyst's new, downbeat take.
That prognosticator is Kenneth Leon of CFRA, who downgraded his recommendation on Roku's stock. For Leon, Roku is now a sell; previously, he had tagged it as a hold.
Leon's latest analysis on the company wasn't publicly available, so it's unclear why he made the move. He's not the only pundit getting gloomier about Roku, however. Several of his fellow prognosticators have also reduced their expectations on the company.
Source Fool.com
