HomeLifestyleEntertainmentTarget Price Cuts on Roku and Netflix
Target Price Cuts on Roku and Netflix

Wedbush's Michael Pachter cut his price target on Roku Inc. (ROKU) to $220 from $365 but has an outperform rating. Michael has an underperform rating and price target of $342 on Netflix (NFLX). He thinks Netflix appears to have hit a ceiling on subscribers and that future subscribers will occur primarily in less developed regions. Tom White explains a bullish call vertical options trade on Roku and a bearish put calendar trade on Netflix.

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