Gains for Roku will be harder to come by, Citi warned.
Analyst Jason Bazinet downgraded the streaming company to neutral from buy, but raised his price target to $100 from $75.
Bazinet's new target suggests the stock could climb more than 9.6% in the next year from where shares finished on Wednesday at $91.25.
"If Roku can revert to historical share gains, we believe Roku's total revenue can return to ~20% growth.
However, given the run-up in the shares, we believe this may be largely priced into the equity."
Persons:
Jason Bazinet, Bazinet, Roku, — CNBC's Michael Bloom
Organizations:
Roku, Citi
Locations:
U.S