tl;dr
SA Editor Brandon Evans, SA News Editor Roku (NASDAQ:ROKU) Under Pressure in Competitive CTV Advertising Market Roku (NASDAQ:ROKU) is facing intensified competition in the connected TV (CTV) advertising market, prompting Morgan Stanley to revise its price target for the company downward to $60 from...
SA Editor Brandon Evans, SA News Editor Roku (NASDAQ:ROKU) Under Pressure in Competitive CTV Advertising Market Roku (NASDAQ:ROKU) is facing intensified competition in the connected TV (CTV) advertising market, prompting Morgan Stanley to revise its price target for the company downward to $60 from $65. Despite this, the firm maintains an Underweight rating on the stock, reflecting cautious sentiment. CTV advertising encompasses promotional content tailored for smartphones and smart TVs, aiming to reach consumers through streaming services. "We are lowering estimates as lower advertising growth expectations more than offset higher streaming services distribution revenues," remarked Benjamin Swinburne of Morgan Stanley, highlighting a somber outlook on advertising growth. Notably, Walmart's planned acquisition of Vizio for $2.3B is anticipated to contribute to heightened competition in the CTV advertising market in the long term, adding further strain to Roku's position. Amazon (AMZN) and Google's (GOOG) (GOOGL) YouTube currently dominate the CTV advertising spend landscape, capturing the largest shares at 21% and 18% respectively, based on data from Morgan Stanley. Despite its strong footing in the industry, Roku's shares have experienced a notable decline of 34% year to date, signifying the company's challenging year.
More about Roku Inc
Roku Inc Summary
Roku, Inc. operates a TV streaming platform. The company is headquartered in San Jose, California.
Sector: TECHNOLOGY
Industry: CABLE & OTHER PAY TELEVISION SERVICES
Revenue: 8,645,765,000
Operating Income: -5.01
Net Income: 24.61
Earnings per Share: -0.204
Market Cap: 3,484,619,000
Stock Price: 84.23
Dividend Yield: -0.649
EPS Growth: 0.135
More about Walmart Inc
Walmart Inc Summary
Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores from the United States, headquartered in Bentonville, Arkansas. It also owns and operates Sam's Club retail warehouses.
Sector: TRADE & SERVICES
Industry: RETAIL-VARIETY STORES
Market Cap: $479.45 billion
Current Price: $31.15
Change: $0.76 ( 1.91%)
52-Week High: $80.24
RSI: 0.0239
Volume: 648,125,022
Average Volume: 65.56
Price Change (1yr): -$0.124 (-0.124%)
EPS Growth: 0.057
More about Vizio Holding Corp
VIZIO Holding Corp Summary Company: VIZIO Holding Corp
Headquarters: Irvine, California
Industry: Manufacturing, Household Audio & Video Equipment
Stock Symbol: VIZIO
Market Cap: $2.15 billion
Current Price: $77.86
Dividend Yield: None
EPS: $0.14
P/E Ratio: 8.56
PEG Ratio: 0.0168
Revenue: $1.68 billion
Net Income: $10.13
Book Value: $1.117
Price/Book: -0.058
More about Amazon.com Inc
Company: Amazon.com Inc
Industry: Trade & Services, Retail-Catalog & Mail-Order Houses
Market Cap: 1869.73 billion
Current Price: $208.64
EPS: $62.94
Dividend Yield: 0.0529
Volume: 574,784,995
52-Week High: $218.65
52-Week Low: $167.69
PE Ratio: 50.69
Beta: 0.139
More about Alphabet Inc Class C
Alphabet Inc Class C Summary
Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.
Sector: Technology
Industry: Services-Computer Programming, Data Processing, etc.
Market Cap: $1.88 trillion
P/E Ratio: 26.2
Dividend Yield (%): 5.8
EPS: $24.34
Beta: 0.24
Volume: 307,393,987
52-Week Range: $162.2 - $307.56
Price Change (1-Year): 0.56
Price Change (YTD): 0.135
More about Alphabet Inc Class A
Alphabet Inc Class A Summary Alphabet Inc Class A Summary
Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.
Key Information
Sector: Technology
Services: Computer programming, data processing, etc.
Market Cap: $1,877,425,127,000
PE Ratio: 26.0
Dividend Yield: None
EPS: 5.79
52-Week High: $24.34
52-Week Low: $0.24
Volume: 307,393,987,000
Beta: 163.28
Market Cap/Sales: 0.56
Profit Margin: 0.135
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