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0 -0.00116672500291691 -0.00105005250262517 0.000233345000583316 0.00157507875393759 -5.25026251313414E-05 -0.00858709602146779 -0.00904211877260536
Stock impact report

Roku Stock Price Target Cut On U.S.-China Trade Tensions [Investor's Business Daily]

Apple Inc. (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Related news The U.S.-China trade war is likely to impact sales of Chinese-made televisions in the U.S., crimping growth prospects for streaming video platform Roku ( ROKU ), a Wall Street analyst said Wednesday. She slashed her price target on Roku stock to a new Street low. Needham analyst Laura Martin reiterated her buy rating on Roku stock, but cut her price target to 45 from 85. Roku stock rose 2.4%, near 36.65, in morning trading on the stock market today . "We believe 35%-45% of Roku's total user adds came from Roku-powered, Chinese-made TVs in fiscal 2018, and that TCL was about half of that," Martin said in a report to clients. Roku licenses a smart TV operating system to television makers, including TCL. Over the weekend, TCL announced that it is selling its consumer-electronics businesses to focus on component technology. Martin lowered her estimate for new Roku users in 2019 as well as revenue and earnings based on her outlook for lower sales of Roku-powered, Chinese-made Show less Read more
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