If some companies have a host of new issues to deal with following the unexpected trauma of a worldwide pandemic, then other companies have a brewing opportunity. Although you can probably count Roku (ROKU) as one of the most likely candidates to come near the top of such a list, the streaming platform hasn’t been immune to the coronavirus. Roku’s share price is down by 30% year-to-date. According to Wedbush analyst Michael Pachter, the recent share price decline has “reined in Roku’s usually lofty valuation,” and is the reason why the analyst reduced the price target from $115 to $86. …read more
Source:: Yahoo Finance
