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Benzinga
Benzinga
Business
Shanthi Rexaline

3 Reasons Why This Analyst Thinks A Netflix-Roku Deal Will Not Materialize

Streaming equipment maker Roku, Inc. (NASDAQ:ROKU) rallied on Wednesday following a report that said the company is in talks to be acquired by Netflix, Inc. (NASDAQ:NFLX). An analyst at KeyBanc Capital Markets, however, does not see the deal materializing.

The Roku, Netflix Analyst: Justin Patterson has a Sector Weight rating on Netflix. The analyst rates Roku an Overweight, with a $160 price target.

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