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Roku (ROKU) was downgraded to a Hold Rating at Wedbush

Tipranks - Tipranks - Wed Jun 17, 8:28AM CDT

Roku received a Hold rating and a $155.00 price target from Wedbush analyst Alicia Reese today.

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Reese covers the Communication Services sector, focusing on stocks such as Roku, Netflix, and Playtika Holding. According to TipRanks, Reese has an average return of 13.5% and a 64.13% success rate on recommended stocks.

In addition to Wedbush, Roku also received a Hold from Jefferies’s James Heaney CFA in a report issued today. However, on the same day, Rosenblatt Securities maintained a Buy rating on Roku (NASDAQ: ROKU).

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Based on Roku’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.25 billion and a net profit of $85.7 million. In comparison, last year the company earned a revenue of $1.02 billion and had a GAAP net loss of $27.43 million

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