NatalieLopez

 5 Apr 24

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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Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
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