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Technology Stocks : Roku
ROKU 108.63+2.4%9:30 AM EST

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From: JakeStraw12/13/2018 9:57:18 AM
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A Big Roku Bull Scales the Stock’s Price Target Way Back
barrons.com
Needham’s Laura Martin warned that U.S.-China trade tensions could cut into growth if fewer U.S. consumers buy Roku-powered televisions made in China.

Her new price target takes into account lower user additions and the absence of some one-time licensing revenue recorded this year, but also thinning margins. The expectation that investors will move away from companies that are unprofitable on an earnings per share basis was another factor. (Wall Street’s consensus estimate for next year is a loss of 17 cents per share.)

Martin also wrote recently about the company’s vulnerability to competition from big tech companies, maintaining that companies like Amazon.com (AMZN), Alphabet’s (GOOGL) Google, and Apple (AAPL) are more likely to acquire Roku than displace it.
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