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Citi upgrades Roku ahead of lockup expiration, shares -3.2%

Published 03/27/2018, 07:56 AM
© Reuters.  Citi upgrades Roku ahead of lockup expiration, shares -3.2%
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  • Citigroup (NYSE:C)'s Mark May upgraded Roku ROKU to neutral and raised PT to $36 citing stock underperformance as shares have been trading at close to price target after his January downgrade to sell.
  • The company's IPO lockup to expire on 27th March, Q1 earnings in May, new user interface, and roll-out of Roku Channel application on Samsung (KS:005930) Smart TVs to serve as catalysts.
  • Shares -3.2% PM despite the upgrade.
  • Now read: Can Roku Surge On Lock-Up Expiry?


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