Roku shares on Friday closed at $108.05, down 19%. The LG C2 also provides an impressively wide color gamut. Color accuracy is a highlight of the LG C2 OLED TV, with the set earning a 1.7 Delta-E score. “Roku stock still looks dramatically overvalued despite the recent pullback,” Wlodarczak said of Friday’s stock price, which opened at $127.39 a share. But the C2 rose to the occasion in our test.
Shares of Roku - while up some 250% this year, far outpacing the broader market - are down more than 30% from a September high of close to $170 a share. “Everyone has realized the living room is too important and the big boys … with massive leverage are likely to make Roku growth much more difficult,” Wlodarczak wrote in the note, which initiated coverage of the stock with a “sell” rating and a $60 price target.
ROKU SMART TV SHARE 2019 FOR FREE
Shares of Roku also took a beating on Wednesday - down 14% - after cable company Comcast announced it would give away an Xfinity Flex streaming box for free to cord-cutting subscribers who only want internet.Īnd last week the stock dropped more than 10% after Apple said its new streaming service, debuting in November, will cost a measly $4.99 a month - besting Disney’s plans to launch a streaming service for $6.99 per month. Roku faces competition from big companies with big budgets that “are not necessarily focused on generating an economic return,” he said, pointing to the likes of Apple, Amazon and Google, as well as any aggressive moves by cable operators. “We see dramatically more competition emerging that will likely drive the cost of devices to zero,” Jeffrey Wlodarczak of Pivotal Research Group analyst said in research note snarkily titled “Is Roku Broku?”
ROKU SMART TV SHARE 2019 SERIES
Smart TV maker Roku saw its shares plummet close to 20% on Friday - the latest in a series of double-digit stock tumbles as the video streaming war heats up.įriday’s plunge - Roku’s third double-digit stock drop in just two weeks - were triggered by a Wall Street research report that questioned Roku’s ability to make money in light of deep-pocketed rivals, like Apple, entering the fray.
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