Roku Stock Could Fall 21%, According to 1 Wall Street Analyst

Roku (ROKU -0.81%) stock slipped in February after Walmart announced an agreement to acquire Vizio and its SmartCast TV operating system. The move is widely seen as hurting Roku's ability to grow its connected TV platform over the long term.Wells Fargo analysts weighed in by downgrading the stock from equal weight to underweight with a $51 near-term price target. The new price target is 21% below the stock's Feb. 26 closing price.Why Walmart's Vizio deal is bad news for RokuRoku has dominated the market for ...