Here's Why Roku Stock Popped Today
Roku (NASDAQ: ROKU) climbed on Tuesday after a respected analyst issued an optimistic forecast for its shares. As of 1:30 p.m. EDT, the streaming media platform's stock price was up more than 7%.
Evercore ISI analyst Mark Mahaney expects Roku's stock to outperform the market in the year ahead, during which he sees its share price rising to $400. If Mahaney's correct, Roku's investors could enjoy returns of roughly 13%, based on the stock's current price near $353.
More gains lie ahead for Roku's shareholders, according to Evercore's analysts. Image source: Getty Images.
Source Fool.com