2024-04-30 05:39:00 ET
Shares of Roku (NASDAQ: ROKU) are down about 46% from a peak they set last year, but Wall Street's still bullish for the streaming platform.
Susquehanna analyst Shyam Patil recently lowered his firm's price target for Roku to $80 per share and maintained a positive rating. The reduced target still implies a gain of about 38% from recent prices.
Roku's been operating since 2002, but it's still losing money. Last year, it lost a stunning $709 million.
For further details see:
Is Roku Stock Going to $80? 1 Wall Street Analyst Thinks So.