Roku Stock Plummets 23% as Wall Street Sours on 2024 Outlook
Shares of Roku plunged more than 23% in morning trading Friday after the smart TV operating system company warned that this year will be "challenging."
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Shares of Roku plunged more than 23% in morning trading Friday after the smart TV operating system company warned that this year will be "challenging."
Roku stock slid on lower early trading on Feb. 16 due to a cautionary statement on 2024 spending deceleration in the entertainment industry. Despite a Q4 earnings beat, analysts have mixed opinions on the company's future growth.
APP earnings call for the period ending December 31, 2023.
Analysts are upgrading their price targets on Disney stock after the media company reported first-quarter financial results and shared several announcements.
Fox Corporation (NASDAQ: FOX) (NASDAQ: FOXA) posted better-than-expected second-quarter financial results on Wednesday.