Wells Fargo & Company analysts downgraded Roku Inc. from a strong-buy to a hold rating on August 15, 2026. The action follows a period of positive momentum where the stock rose over 2% on Friday, August 14.
Roku reported strong second-quarter earnings results on August 5. The company announced quarterly earnings per share of $1.08. This result significantly beat the consensus estimate of $0.61.
Quarterly revenue reached $1.35 billion. This figure represents a 21.9% increase year-over-year. Revenue totals surpassed analyst expectations. Initial reports provided no specific reason for the downgrade.