Why Roku, Inc. Stock Jumped Monday
Shares of Roku (NASDAQ: ROKU) jumped as much as 21% on Monday; the stock closed the trading day up about 18%. Roku's sharp rise extends its wildly bullish run since it reported its expectation-crushing third-quarter results earlier this month.
The stock's increase on Monday is likely a reaction to a price target increase from an analyst at Needham; Laura Martin nearly doubled her price target for the stock, raising it from $28 to $50. After Roku stock's 18% boost on Monday, the stock is trading at $46.52.
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Source: Fool.com