Today’s Research Reports on Stocks to Watch: Snap Inc. and Roku Inc.

NEW YORK, NY / ACCESSWIRE / January 17, 2017 / Snap shares continued to fall on Tuesday despite any news. Analysts have been feeling fairly pessimistic towards the company this month with several firms downgrading the stock. Shares of Roku also slipped on Tuesday. The company’s CEO recently made rather optimistic remarks at CES 2018.

RDI Initiates Coverage on:

Snap Inc.
https://rdinvesting.com/news/?ticker=SNAP

Roku, Inc.
https://rdinvesting.com/news/?ticker=ROKU

Snap Inc. shares closed down 4.32% yesterday on about 26.6 million shares traded. There was no particular news from the company, but it’s been a month of negative criticism from analysts. Recently Raymond James senior vice president of equity research, Aaron Kessler, downgraded the stock. Snap was also downgraded by Jefferies this month which cited “turbulence” from the company’s new app redesign. Analyst Brent Thill lowered his rating from “buy” to “hold” and wrote, “We continue to have optimism around Snap’s platform, but fundamental execution needs to be shown before we can be more positive on the name. We’ve also spent some time with the updated Snapchat app and see the positives, but also some negatives behind the redesign which could lead to some turbulence in usage and adoption when rolled out.” The firm has a $15 price target on the stock. Cowen reduced their rating this month from “market perform” to “underperform.”

Access RDI’s Snap Inc. Research Report at:
https://rdinvesting.com/news/?ticker=SNAP

Roku, Inc. shares tanked on Tuesday, closing the day down nearly 10% on lower volume than usual. The loss despite no significant news from the company. Roku’s CEO Anthony Wood told Investor’s Business Daily at the CES consumer electronics trade show this month, “We are the leading streaming operating system for TV today and want to remain in that position as all TV shifts to streaming.” He also said, “When you have scale there are ways to make money.” Roku ended last year with 19 million active users. Earlier in the month Morgan Stanley downgraded the stock. Analyst Benjamin Swinburne of the firm lowered his rating from “equal weight” to “underweight” citing the company’s rich valuation difficult to justify. Despite the downgrade, the price target was raised to $30 from $25. According to the analyst, the consumer shift to over-the-top internet video is clear and accelerating, and Roku is well-positioned to benefit. He also stated that the company’s long-term earnings potential is not as clear.

Access RDI’s Roku, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=ROKU

Our Actionable Research on Snap Inc. (NYSE: SNAP) and Roku, Inc. (NASDAQ: ROKU) can be downloaded free of charge at Research Driven Investing.

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