JPMorgan has revised its price target for Roku (ROKU, Financial), lowering it from $115 to $75, while maintaining an Overweight rating for the stock. This adjustment comes in the wake of anticipated quarterly earnings reports and reflects broader recalibrations across small to mid-cap internet and video game sectors.
In response to prevailing macroeconomic conditions and tariff-related challenges, the firm has scaled back revenue projections by up to 5%. The adjustment primarily impacts companies that are directly exposed to these economic pressures.
