Shares of (NASDAQ: ROKU) surged on Friday, climbing more than 30%. The stock's enormous gains came as the streaming-TV platform specialist reported stronger-than-expected second-quarter results and provided robust third-quarter guidance. Despite the stock's big gain already since its earnings report, several analysts think shares could soar much higher.
Indeed, two analysts set their 12-month price targets for the growth stock at $95 following the earnings report -- a price that would translate to about 13% more upside from where the stock is trading at the time of this writing.
Let's look at Roku's second-quarter update and what's behind these two bullish analysts' price targets for the stock.
Source Fool.com