Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Roku Stock Jumped 6.6% on Tuesday

TheMotleyFool

0 0

Shares of media-streaming technology expert Roku (NASDAQ: ROKU) jumped as much as 6.6% higher on Tuesday thanks to a bullish report from a respected analyst firm. By 2 p.m. EDT, the stock had retreated to a gain of 3.8%.

Wells Fargo analyst Steven Cahall picked up coverage of Roku with a price target of $215 per share and an "overweight" rating. The analyst recommends adding money to your Roku holdings because he expects the stock to rise 34% above Friday's closing prices over the next year or so. Cahall sees "above-expectation" growth in Roku's average revenue per user (ARPU) due to a dominant market position and advanced technology platform.

Image source: Getty Images.

Source Fool.com

Like: 0

ROKU

Share