Roku Stock Could Surge 22% to $375, According to This Analyst

Shares of Roku (NASDAQ: ROKU) have already jumped 129% so far this year, but will surge to new all-time highs in 2021.

That's according to Citi analyst Jason Bazinet. On Wednesday, Bazinet raised his 12-month price target on Roku's stock from $220 to $375 -- the highest among his Wall Street peers. His new target represents potential gains for investors of roughly 22% over the stock's closing price on Tuesday of about $306.

Image source: Roku.

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Source Fool.com