Why Roku Was a Resilient Rock Star Stock Today

·2 min read

You can't keep a good stock down, a dynamic that seemed to prop up the value of Roku (NASDAQ: ROKU) stock on Monday. The man doing the downgrading was Pivotal Research's Jeffrey Wlodarczak, who changed his recommendation on Roku stock from hold to sell, at a $60 per-share price target. Wlodarczak is also concerned that Roku is opening its wallet at a time when many consumers will be closing theirs.