Roku Jumps on Needham Price Target Boost
So far this year, Needham analyst Laura Martin's call from December 2018 that Roku (NASDAQ: ROKU) was the "Top Pick for 2019" has proven prescient: Shares are up roughly 340% year to date. The longtime bull has put out another research note this morning, with Martin boosting her price target on the stock to a new Street high of $150, up from $120.
The analyst reiterated her buy rating and even went as far as to argue that Roku is now a better pick for video streaming than almighty Netflix (NASDAQ: NFLX).
Image source: Roku.
Source Fool.com
