Roku Stock Faces Bearish Outlook as Analyst Questions Viability of Key Revenue Source
Seaport analyst David Joyce downgraded Roku Stock from Neutral to Sell, expressing concerns about the company’s heavy reliance on the Roku Channel for ad monetization. The streaming platform, represented by the ticker symbol ROKU, witnessed a decline in early trading on Monday following the rating adjustment. The advertising sector poses challenges for Roku, with streaming … Read more