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Why Roku Stock Popped 5% Today

TheMotleyFool

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Shares of over-the-top (OTT) streaming company Roku (NASDAQ: ROKU) were up a solid 2% at 12:50 p.m. EDT today after being up even more at 5% earlier in the day, and they may return to that level and beyond. At least according to Deutsche Bank they might.

Roku owes today's spurt higher to the investment bank, which this morning initiated coverage of the OTT leader with a buy rating and a $185 price target. Roku shares are about $149 right now, so Deutsche Bank sees 24% upside in the stock.

Image source: Getty Images.

Source Fool.com

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