Shares of streaming TV-device maker Roku (ROKU) had a horrible day on July 29, tanking 26% following a miserable second-quarter earnings report. Consequently, Wall Street analysts significantly cut their price targets for the stock. Though there are positives with Roku, especially with its position in streaming, its lofty valuation and penchant for losing money make it a Sell, in our opinion. Therefore, we are bearish on ROKU stock. It's tough to sugarcoat Roku's positioning at this point. In the past 12 months, the stock has been hammered while its underlying business continues to disappoint.
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Roku (NASDAQ:ROKU)
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