Walmart's acquisition of Vizio for $2.3 billion is seen as a move driven by competition with Amazon. Amazon's inclusion in the Dow Jones Industrial Average alongside other 'blue chip' companies has sparked discussions about the index's relevance. Analysts believe Walmart's purchase of Vizio may impact Roku negatively, with Wells Fargo downgrading Roku stock due to this development. The competition between Walmart and Amazon in the streaming TV market is intensifying, with analysts expressing concerns about the risks posed by Walmart's Vizio acquisition.
Sell Roku Stock, Analyst Says. Walmart’s Vizio Acquisition ‘Creates Substantial Risk.’ https://t.co/XCWXNxRN48
$ROKU Wells Fargo says sell Roku Wells Fargo is throwing in the towel on Roku . The bank lowered its rating on the stock to underweight from equal weight. It also slashed its price target on the stock to $51 from $77. The new forecast implies downside of nearly 21% over the…
A Streaming TV Prizefight: Walmart Tries Muscling In On Amazon https://t.co/QTblgv2kwr
$ROKU: Wells Fargo Downgrades to Underweight from Equal Weight - PT $51 (from $77) "We think WMT is ~1/3rd of ROKU's Device sales/net adds, but the retailer is set to acquire VZIO for its SmartCast O/S. This will likely pressure net adds by 2025-26, in addition to WMT likely…
How Walmart ushered Amazon into the Dow https://t.co/2iArtBuzK0
Dow Jones index struggles for ‘relevance’ despite adding Amazon, researchers say https://t.co/aHaLInK51P
Today's Above Avalon Daily email covers the following topics: - Walmart Buys Vizio - Walmart vs. Amazon - Revisiting the Roku Story https://t.co/XyPzGgwHf9
Dow Jones index struggling for ‘relevance’ despite adding Amazon, say researchers https://t.co/nFoxMPK76p
Column | The Dow's Amazon-Walmart-Walgreens shakeup is a reminder why it's no longer the benchmark https://t.co/W3IuBI8IYl
Amazon joins 29 other 'blue chip' companies in the Dow Jones Industrial Average https://t.co/FCAnIAqMTY
Walmart’s $2.3 billion Vizio acquisition is very much about Amazon envy. https://t.co/b8SQxWvzTS