Why Roku Stock Is Rocking -- Up 5% Monday Morning

Roku (NASDAQ: ROKU) stock jumped out of the gate Monday, rising 5.1% before retracing to enjoy a still respectable 3.4% gain in trading as of noon EST -- and if you own shares of Roku, you can thank the friendly analysts at Wedbush for your winnings.

Predicting that a continuation of the COVID-19 crisis will accelerate "adoption" of Roku streaming devices, Wedbush announced it is raising its price target on Roku stock by a staggering 37.5%, to $220 a share, reports TheFly.com.

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Source Fool.com