Shares of streaming service platform Roku (NASDAQ: ROKU) jumped 5% Tuesday as of 12:15 p.m. EST.
The stock dropped a similar level Monday after it was reported that Roku is close to acquiring the video catalogue of short-form streaming company Quibi.
The thought of Roku entering the content business spooked some investors, but a Wells Fargo analyst today gave shares an overweight (buy) rating, with a $414 price target. The stock closed Monday at $317.90 per share.
Source Fool.com