Roku shares tank after Morgan Stanley says valuation ‘hard to justify,’ downgrades stock

Roku shares tank after Morgan Stanley says valuation ‘hard to justify,’ downgrades stock

6 years ago
Anonymous $1bh8zaeyQS

https://www.cnbc.com/2018/01/04/roku-shares-drop-after-morgan-stanley-downgrades-stock.html

Investors should take profits after Roku shares nearly tripled following its earnings report, according to a top Wall Street firm.

Morgan Stanley on Thursday lowered its rating to underweight from equal-weight for Roku shares, citing the company's high valuation.