Wells Fargo calls post-earnings selloff in Roku a ‘back up the truck’ moment

Wells Fargo notes that the firm is fielding numerous questions on Roku‘s (ROKU) 16% post-print move lower following what the firm says was “a beat & raise” Q2 report. The firm, which thinks investors have “missed the forest for the trees,” calls this a “back up the truck” moment and advises investors to take “advantage of the inefficiency.” Wells has an Overweight rating and $113 price target on Roku.