Shares of Roku (NASDAQ: ROKU) surged on Thursday, hitting a new all-time high. The stock's big jump was fueled by an optimistic note from an analyst who significantly boosted her 12-month price target for the streaming-TV specialist.
Many analysts have been growing increasingly bullish on Roku. This mounting positivity for the growth stock comes ahead of both the election and the holidays, when streaming-TV ad spots are expected to see a huge influx of demand from marketers.
Here's a closer look at why this analyst just upped her price target for the growth stock by $65.
Source Fool.com