Roku Is on Track for Its Biggest Drop Ever. Analyst Calls Earnings Awful.
Posted: Fri Jul 29, 2022 6:48 pm
Roku stock cratered after the video-streaming company’s earnings fell far short of expectations, and a Pivotal Research analyst doesn’t expect it to bounce back.
Jeffrey Wlodarczak, who rates the stock at Hold, noted that expenses are rising fast as the economy moves toward a recession, and at a time when Amazon and Google—rivals in the streaming business—are gaining more power. He said the stock [...] Continue Reading @Barrons
Jeffrey Wlodarczak, who rates the stock at Hold, noted that expenses are rising fast as the economy moves toward a recession, and at a time when Amazon and Google—rivals in the streaming business—are gaining more power. He said the stock [...] Continue Reading @Barrons