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Why Roku Stock Just Popped

TheMotleyFool

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Friday was a rough day for Roku (NASDAQ: ROKU) shareholders. The streaming TV device-maker suffered its worst-ever one-day stock price decline -- 23% -- after a miserable second-quarter report led multiple Wall Street analysts to cut their price targets on the stock and downgrade it. Monday's story, however, is a bit different. Roku shares were up 9.5% as of 12:30 p.m. ET.

And Roku is rising despite analysts' latest comments.

In a delayed response to Roku's report, on Monday morning, investment bank Morgan Stanley cut its price target on the stock by 31% to $55 and reiterated its underweight rating.

Source Fool.com

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