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Further driving its point home, the company said its active account base is now larger than the collective subscriber base of the six largest traditional pay TV. ....
Roku, Inc. (NASDAQ:ROKU – Get Free Report) gapped down prior to trading on Friday after Pivotal Research lowered their price target on the stock from $85.00 to $75.00. The stock had previously closed at $94.50, but opened at $76.97. Pivotal Research currently has a hold rating on the stock. Roku shares last traded at $74.50, […] ....
Shares of streaming TV platform Roku (NASDAQ: ROKU) fell 22.3% in the morning session after the company reported fourth-quarter results and provided slightly underwhelming outlook for the coming quarters. The company lacked specificity that the market craves when discussing its full-year 2024 EBITDA forecast (it stated that EBITDA would be "positive" rather than sharing a number - Wall Street was expecting $100 million of EBITDA for 2024). Management cited challenging macroeconomic conditions an ....