Roku Stock Downgraded Amid Walmart Headwinds

Roku Inc (NASDAQ:ROKU) is 2.5% lower to trade at $62.77 this morning, after Wells Fargo downgraded the streaming stock to "under weight" from "equal weight" and trimmed its price target to$51 from $77. The analyst in coverage cited Walmart's (WMT) upcoming acquisition of Vizio (VZO), noting that Walmart is roughly one-third of Roku's Device sales/net adds, and the deal will likely pressure these figures in 2025 and 2026.Roku stock suffered a post-earnings bear gap of 23.8% on Feb. 16. The shares are now 31 ...